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I started my business with my money. If I take a loan payback,

I started my business with...
I started my business with my money. If I take a loan payback, do I have to claim it in the biz as income and claim it individually as income as well?
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10/15/2013
Stephen G.
Stephen G., Sr Income Tax Expert
Category: Tax
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Hello, my name isXXXXX & I'll be helping you today. My goal is to give you a complete & accurate answer that you can understand.

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No. Loan proceeds are not taxed.

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