Is a Business Loan Taxable Income?

Posted by: Rod Kurtz on December 21, 2006

Understanding and interpreting business tax law is a daunting task. First of all, what is "business income"? Basically, if the income has anything to do with your business, whether or not it is on a full-time, part-time, or occasional basis, it is business income. But is a business loan considered business income?

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