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.
We did receive a 1099 INT for this interest.
This would still be treated as regular interest at ordinary income rates.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.