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Posted by jd_91pony on January 31, 2007, 5:31 pm
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>> I provide a loan to a private entity (business). Interest
>> accured is rolled back into the loan. At the end of one year
>> they will pay me back the entire principle + interest.
>>
>> Question- Do I need to pay taxes as the interest accrues or
>> when I recieve the interest at the end of one year
> look at the imputed interest rules
Imputed interest rules don't seem to apply. I recieve above
prime rate on the loans
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