If a loan is repaid, the lender does not have to include the principal portion of the

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If a loan is repaid, the lender does not have to include the principal portion of the payment in gross income. There is no exclusion in the tax law that permits taxpayers to omit such amounts from gross income. How can this be explained?

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Federal Taxation 2018 Comprehensive

ISBN: 9780134532387

31st Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Question Posted: Mar 19, 2018 07:38 AM

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If a loan is repaid, the lender does not have to include the principal portion of the

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Federal Taxation 2018 Comprehensive

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