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A note showing that I loaned $80,000 and the borrower agrees to pay a service fee of $10,000, is that considered income or a tax deduction?

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  • A note showing that I loaned $80,000 and the borrower agrees to pay a service fee of $10,000, is that considered income or a tax deduction?


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A note showing that I loaned $80,000 and the borrower agrees to pay a service fee of $10,000, is that considered income or a tax deduction?
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Positive: 35 %
Here on the Income Tax Questions ... Land Sale Not rated yet Do I have to pay income tax on a partial ... Now there will be income tax deduction on ...
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Positive: 32 %

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Here are some of the things you can do to make friends pay ... pay back $200 per month for 10 months (note, ... 1,80,000/- and to please pay up as ...
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Positive: 35 %
... exceed the borrower's net investment income for the tax ... pay the tax on the income. ... use is considered. a. the year placed in service ...
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Positive: 30 %
Trustee fee 10,000 Trust Agreement ... Business income $80,000 Tax-exempt interest income 40,000 ... Alvin dies still holding Bruno’s note. For tax ...
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Positive: 16 %
... have induced a third party to pay his income tax or having ... the borrower is considered to have income ... "an income tax deduction is a ...
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Positive: 10 %

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