topic How does IRS treat credit card loans to small business owners? Income or what? in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/how-does-irs-treat-credit-card-loans-to-small-business-owners-income-or-what/01/2042407#M67759 loans on credit card used for small business expenses are taxable or not? Sun, 07 Mar 2021 21:00:32 GMT Wise Owl 2021-03-07T21:00:32Z How does IRS treat credit card loans to small business owners? Income or what? https://ttlc.intuit.com/community/business-taxes/discussion/how-does-irs-treat-credit-card-loans-to-small-business-owners-income-or-what/01/2042407#M67759 loans on credit card used for small business expenses are taxable or not? Sun, 07 Mar 2021 21:00:32 GMT https://ttlc.intuit.com/community/business-taxes/discussion/how-does-irs-treat-credit-card-loans-to-small-business-owners-income-or-what/01/2042407#M67759 Wise Owl 2021-03-07T21:00:32Z Re: How does IRS treat credit card loans to small business owners? Income or what? https://ttlc.intuit.com/community/business-taxes/discussion/re-how-does-irs-treat-credit-card-loans-to-small-business-owners-income-or-what/01/2043157#M67786 <P>No, it is not income if you have to pay it back. Any interest on the loan is an expense, however.</P> Sun, 07 Mar 2021 23:12:23 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-how-does-irs-treat-credit-card-loans-to-small-business-owners-income-or-what/01/2043157#M67786 ColeenD3 2021-03-07T23:12:23Z