How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Jon Andrews Your Own Question
Jon Andrews
Jon Andrews, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 3118
Experience:  I deal with all levels of tax planning and controversy - from the ordinary to the complex.
4750
Type Your Tax Question Here...
Jon Andrews is online now
A new question is answered every 9 seconds

Do I have to claim a personal loan on my federal ...

This answer was rated:

Do I have to claim a personal loan on my federal taxes? If so, what form am I waiting on from my lender?

Optional Information:
Madbury, New Hampshire

Already Tried:
n/a





No, personal loans are not taxable income and any interest paid on the loan is not deductible.


[email protected]


Jon Andrews and other Tax Specialists are ready to help you