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ksg426
New Member

Do I have to include aloan repayment on my taxes? I loaned 10,000 to a start up that I received a 1099-INT for. The company repaid that loan back in June 2018.

 
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2 Replies
JulieR
Expert Alumni

Do I have to include aloan repayment on my taxes? I loaned 10,000 to a start up that I received a 1099-INT for. The company repaid that loan back in June 2018.

You will only report the interest shown on the 1099-INT on your return.

Do I have to include aloan repayment on my taxes? I loaned 10,000 to a start up that I received a 1099-INT for. The company repaid that loan back in June 2018.

The repayment of a loan is not income, it is a return of your own money.  However, any interest earned is income and must be reported as shown on the 1099INT.

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