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No, loans are not taxable.

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Q: You received a loan for 30000 until you get back on your feet do you have to claim it on your tax return?
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Related questions

If you filed taxes last year and filed wrong will you still be able to get the money back this year?

Yes. If you file your original (first) return before the due date, you have 3 years from the due date to amend and claim a refund. If you file your original return after the due date (and within 3 years after the due date), you have 3 years from the date you filed to amend and claim a refund. See Form 1040X instructions to amend your federal return. If you live in a state with personal income tax, you will also need to amend your state return. Most states use the same due dates and refund claim dates. Example 1: Your 2008 return was due on April 15th, 2009. Your original return was received by the IRS on February 21, 2009. You have until April 15th, 2012 to amend your return and claim a refund. Example 2: You did not file your 2008 return before the due date. The IRS received your 2008 return on March 25, 2011. You have until March 25, 2014 to amend your return and claim a refund. Example 3: You did not file your 2008 return before the due date. The IRS received your 2008 return on April 20, 2012. You filed outside of the time limit to claim a refund, so you cannot get a refund. You also cannot amend and get a refund.


What happens when both parents claim the same child on the taxes?

The IRS won't process either return until the problem is resolved....and you'll both be answering questions for a while.


Did cell phones work at 30000 feet in 2001?

of coarse not they did not reception that high in the air until 2003 they fixed that problem


Who is honored because he and a few men fought 30000 Persians until they all died fighting?

-Leonidas- its in my history studies


Who gets to claim a child on taxes?

No, you cannot claim an unborn child on taxes. It is not a dependent until it starts to breathe on its own. The baby must be born before the end of the year in order to claim it on that year's tax return.


Do you have to return something that you purchased then found out it was stolen?

For sure you cannot return something which is not in your possession anymore but it's your duty to report it asap to the nearest police station or authorities. At least you will have legal support for your claim that the item has been stolen, until the matter has been solved within the legal process.


Is it required to make a primary dental insurance adjustment if the dentist is a preferred provider before submitting a claim to secondary insurance?

You wait until both claims are received then write off the lesser of the two amounts


Will Cody return to tda?

Cody will not return until TDM total drama the musical


If you have an accident before the deductible is lowered but the claim is not filed until after which deductible applies?

The deductible at the time of the accident not the time of claim.


Unearned revenue a liability?

Unearned revenue is the amount which client has paid already but not received the services yet so it is the liability of the company until they renderred the services to client or otherwise return back the amount to the client.


If you received a tax refund in April of 09 and filed a chapter 7 bk in June of 09 can they take your refund you receive in 2010?

No. It was not part of your "bankruptcy estate" as of the date of filing and is not one of the items that have to be reported if received within 6 months of filing. Especially if you do file your return until April.


Why did tutok leave and not return?

because tutok was part of a different tribe and could not return until the rest had...