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We received interest in 2018 on a real estate loan made in 2016. Does this interest qualify for long term capital gains treatment or is it still ordinary income?
We did receive a 1099 INT for this interest.
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We received interest in 2018 on a real estate loan made in 2016. Does this interest qualify for long term capital gains treatment or is it still ordinary income?
This would still be treated as regular interest at ordinary income rates.
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We received interest in 2018 on a real estate loan made in 2016. Does this interest qualify for long term capital gains treatment or is it still ordinary income?
This would still be treated as regular interest at ordinary income rates.
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We received interest in 2018 on a real estate loan made in 2016. Does this interest qualify for long term capital gains treatment or is it still ordinary income?
Thank you Ashby