How to enter interest paid on family member loan
My husband & I made my Dad a short-term loan. We did some research to make sure it was legal and he paid us proper interest. Do I account for that interest on my taxes? And if so, where?
My husband & I made my Dad a short-term loan. We did some research to make sure it was legal and he paid us proper interest. Do I account for that interest on my taxes? And if so, where?
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