The entire income tax liability would be immediately recognized when
the entire outstanding principal balance of the installment note is paid off and received by you.
So the borrower might have to repay
the entire outstanding principal in a shorter period of time, resulting in much higher payments.
So the borrower might have to repay
the entire outstanding principal in a shorter period of time, resulting in much higher payments.
So the borrower might have to repay
the entire outstanding principal in a shorter period of time, resulting in much higher payments.
Not exact matches
In our example above, we received our
entire principal back over the term of our annuity with interest on the
outstanding balance.