Conversely, does an unpaid loan (when proven not to be a gift) need to be reported as "income" for the party that did not honor payment of the debt/loan?Probably. There have been many reports of the IRS dinging people for the "forgiven" part of a mortgage when they negotiate a short sale with their lender.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra