Note investing and tax benefits, are there any?

[Noel R.]

Been doing a fair bit of research over the last few days and haven't seen much mention of notes and taxes. Are there any tax benefits with notes? If i invest in a performing note I assume I will be paying standard income tax on the interest? Can anyone point me towards some threads on taxes and notes or a good book or two?  Just wanted to give a big thanks to all the contributors to this forum.