Loans on my tax return?

By Marc Sevitz · Updated

Carmen

Carmen said:
23 February 2016 at 8:22

Do I need to reflect loans and repayments when capture income and expenses?
TaxTim Marc

TaxTim Marc said:
23 February 2016 at 23:08

Not if they are merely transfers of money in and out with no effect on your incomes or expenses. Interest paid or received would have to be recorded though.
Carmen

Carmen said:
24 February 2016 at 9:35

thanks!!!!
TaxTim Marc

TaxTim Marc said:
24 February 2016 at 13:11

Only a pleasure!