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April 11, 2025
Question

Partial loan repayment

  • April 11, 2025
  • 1 reply
  • 0 views

I  have received one half of a personal loan amount including principal and interest.  Do I credit half of the interest and half of the principal as repaid for tax purposes?

1 reply

AmyC
Employee
April 12, 2025

The personal loan would not be added to your taxes, just the interest earned. Unless you mean you sold a house or something and carry the debt, that would be under an installment sale.

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