Are personal loans considered income? 1.27K viewsMay 4, 2013Tax 0 Lynch December 2, 2012 0 Comments If you gave money to a friend or a family member as a personal loan, would you include that as income. Would you include it as income if you received interest (a reasonable amount)? 2 Answers ActiveVotedNewestOldest 0 Andrew211 Posted May 4, 2013 0 Comments NO I don’t think so. You are not lending money with the intention to make a profit from your friends for example. You are viewing 1 out of 2 answers, click here to view all answers. Register or Login Search for:
