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Updated almost 10 years ago,

User Stats

885
Posts
359
Votes
Jeremy Pace
  • Contractor
  • Pittsburgh, PA
359
Votes |
885
Posts

Question of tax impact on private lender

Jeremy Pace
  • Contractor
  • Pittsburgh, PA
Posted

My question is this:

I know that on a loan is taxed as income.  If I'm buying a house (free and clear) from the owner, how is the principal portion of that payment treated (for tax/income purposes) for the LENDER.  I'm not interested in how it impacts the borrower, thanks in advance.

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