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  • Are loans taxable 2024?

    loans loan taxed

    Questioner:Declan Johnson 2023-05-08 00:39:43
The most authoritative answer in 2024
  • Zoe Reyes——Studied at the University of Barcelona, Lives in Barcelona, Spain.

    Personal loans are not considered income for the borrower unless the loan is forgiven. In other words, you cannot be taxed on loan proceeds unless the lender grants the borrower a reprieve on paying back the debt owed. This is known as loan forgiveness.read more >>
    +119962023-05-10 00:39:43

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