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Updated about 6 years ago,
Taxation of Profits from Loan Interest as an LLC
Hi,
I have an LLC that I opened for my real estate properties and have an opportunity to loan $30,000 for 10% over 1 year.
My question is what would be my tax on the profit? From reading other posts do I understand correctly that it is 15%?
Are there any tax benefits in receiving the interest in monthly installments as opposed to the end of the year when loan is returned?
Thanks!