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Level 1
June 4, 2019
Solved

How report principal from promissory note?

  • June 4, 2019
  • 1 reply
  • 18 views
Is the principal received from a promissory note untaxed?
    Best answer by Bsch4477

    Only the interest on the note would be taxable.

    1 reply

    Bsch4477Level 15Answer
    Level 15
    June 4, 2019

    Only the interest on the note would be taxable.