TaxGuyBill
Level 15
08-30-2024
09:14 AM
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What does "accrued interest paid" mean? Is it accrued interest (not paid)?
The $40,000 in 2022. Was that accrued (not paid)? Was it paid? Was it reported on their tax return?
The $26,000. Was that accrued from before 2022 and not paid yet? Was it actually paid in 2022? Or actually paid in some other year (or is it still accruing)? Was it ever reported on a tax return?