You are just the holder of a promissory note. It is not income. It is basically the same as if you loaned him the money and he paid you back.Any interest portion of the loan is income and reported as interest not on a Tslip.
You are just the holder of a promissory note. It is not income. It is basically the same as if you loaned him the money and he paid you back.Any interest portion of the loan is income and reported as interest not on a Tslip.
deepa-ps31-gmail
New Member
calder1of1music
Level 1
VMeme
Returning Member
1romans
New Member
viloksurya
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.