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From: abc@brl-tgr.ARPA (Brint Cooper )
Newsgroups: net.consumers,net.taxes
Subject: Re: Interest on Loans
Message-ID: <2983@brl-tgr.ARPA>
Date: Thu, 17-May-84 23:15:26 EDT
Article-I.D.: brl-tgr.2983
Posted: Thu May 17 23:15:26 1984
Date-Received: Sat, 19-May-84 00:19:40 EDT
References: <242@whuxj.UUCP> <343@drutx.UUCP>
Organization: Ballistics Research Lab
Lines: 3

Interest you PAY on borrowed money is NOT reported by the
lender to IRS.  You, of course, should keep your receipts for
this interest.  That's your proof in case there's an audit!