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Unsecured Loan

I was wondering if an unsecured loan from a bank would be considered taxable income and have any tax implications?

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Intuit Approved!

Unsecured Loan

A personal loan is not reported as income on a tax return. Nor is the interest paid on the personal loan deductible on a tax return.

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Intuit Approved!

Unsecured Loan

A personal loan is not reported as income on a tax return. Nor is the interest paid on the personal loan deductible on a tax return.

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