It looks like that only applies if the loan was issued in the course of business. The person I borrowed from is not in a related business, nor are lender."Not i...
Thanks for responding!The thing is that I want to add it to my schedule E. With the interest recorded against my rental income, I would be eligible for the EITC...
I'm in a similar boat. I borrowed from a family member to purchase an investment property. The private loan is at the current market rate for interest, and we h...
