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June 3, 2019
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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?

  • June 3, 2019
  • 1 reply
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We did receive a 1099 INT for this interest.

Best answer by Ashby

This would still be treated as regular interest at ordinary income rates.

1 reply

AshbyAnswer
June 3, 2019

This would still be treated as regular interest at ordinary income rates.

DeeDeeSCAuthor
June 3, 2019
Thank you Ashby