Interesting SaaS business, for paper trailing personal loans between people who know each other:https://credi.com
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Hmm, I would expect a lot of folks making loans like this are ignoring the fact that (in the US) the interest is taxable income. I wonder if having documentation reminds people that the income is taxable, making loans like this less attractive for the lender.
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(I do find it really unfortunate that this is taxed at the income tax rather than capital gains level. Why it the tax code encouraging buying stocks over loaning money to a friend?)
End of conversation
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