USA Business lending tax implications

TDI

Joined
Mar 18, 2021
Messages
3
Reaction score
0
Country
United States
If I lend money to a business (loan, not investment) and I don’t take payments (principal or interest) for over one year; can I then claim interest as capital gains and not income?
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

Forum statistics

Threads
11,778
Messages
27,846
Members
21,825
Latest member
Confused100

Latest Threads

Top