Yes, I am still working on 2017 Lar.
I have a short term loan for the purchase and rehab of rental property. The file indicates that when the short term loan matures, it will be placed on pay out.
This was accomplished through a modification agreement.
Report the short term loan since the intension at the outset was to perm it out with a mod?
The short term loan isn't reportable because it is temporary financing designed to be replaced by another loan of a longer term...even though it was a mod?
If I report it, use the entire term, initial through Mod?
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The more you sweat in training, the less you bleed in battle.......