Do I Need To Report A Loan Taken From A Company On My Income Tax Report?

February 26th, 2010 at 06:46am Under Loans

I work for a company as a consultant, so I report my income on a 1096. I recently took out a loan from that company which I already signed a note saying I will pay it back in a certain number of years. Do I need to report the loan on my income tax report next year?

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