Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 12 years ago,
Tax on Interest Income
Interest income is taxable on schedule B. As a lender, what if the note in addition to interest also calls for a split of the profits on a flip, is that also considered interest? I'm assuming lender has no ownership interest in the property.