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Level 1
Jun 4, 2019 9:48 PM UTC
Solved

How report principal from promissory note?

Is the principal received from a promissory note untaxed?
    Bsch4477Answer
    Level 15
    Jun 4, 2019 9:48 PM UTC

    Only the interest on the note would be taxable.

    1 reply

    Bsch4477Level 15Answer
    Level 15
    Jun 4, 2019 9:48 PM UTC

    Only the interest on the note would be taxable.