Solved
I made a loan to an associate for his business.Is the interest on this loan considered capital gains or investment income?How would it be taxed?
No text available
See https://www.irs.gov/taxtopics/tc403
Taxed as ordinary income not subject to self-employment tax (unless you are in the business of making loans).
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
