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On September 1, 2015 Steve loaned Brett $2000 at 12% interest compound annually. Steve is not in the business of lending money. The no stated
On September 1, 2015 Steve loaned Brett $2000 at 12% interest compound annually. Steve is not in the business of lending money. The no stated they principal and interest would be due on August 31st 2017. And 2017 Steve received $2508.80 (2000 principal and $500 dollars in intrest. Steve use the cash method of accounting. what amount must even clued in and come on his angel tax return?
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