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Financial Planning / Tax Strategies


Subject:  Accrued Interest Date:  6/3/2001  6:36 PM
Author:  CheetahChrome Number:  51452 of 124776

I know this should be simple, but I haven't been able to find an authoritative answer ...

I made a loan to a company at a specified interest rate, but the interest is not payable until I call the loan. Do I need to report the accrued interest on this loan each year?

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