☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 2:48:23 PM

How report principal from promissory note?

Is the principal received from a promissory note untaxed?

0 1 1030
1 Best answer
Level 15
Jun 4, 2019 2:48:25 PM

Only the interest on the note would be taxable.

1 Replies
Level 15
Jun 4, 2019 2:48:25 PM

Only the interest on the note would be taxable.