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    corksrosol's Avatar
    corksrosol Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jul 13, 2008, 06:55 PM
    Reporting compounded interest
    How do I report compounded interest that I received on a two year loan that I gave to someone?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Jul 13, 2008, 08:07 PM
    Report as interest received. You may use Schedule B (Form 1040).
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