How do you figure the income tax on the priniciple

roybec · Joined: 21 Jan 2008 Posts: 1 1.04 Dollars($)

on a 15 year note

larry · Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)

Hi roybec,

Welcome to the forum.

Are you asking about how much do you need to pay as income tax on the principal of the 15 year loan? If so then I think you need not to pay any tax because of the loan that you get.

Best of luck,
Larry

enriko · Joined: 05 Mar 2008 Posts: 67 17.43 Dollars($)

sorry mate, i didnt really understand what you want. Could you clarify please:)

Riko

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