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dlynndittman
New Member

How report principal from promissory note?

Is the principal received from a promissory note untaxed?
1 Best answer

Accepted Solutions
Bsch4477
Level 15

How report principal from promissory note?

Only the interest on the note would be taxable.

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1 Reply
Bsch4477
Level 15

How report principal from promissory note?

Only the interest on the note would be taxable.

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