Posted by JHyre in Ohio on July 03, 2003 at 07:41:56:
I’d say a trade or business, but like rental income, exempt from SS tax.
John Hyre
money lending and self-employment tax - Posted by jenv
Posted by jenv on July 03, 2003 at 06:38:15:
Is the business of money lending an active business incurring self-employment tax, or is the interest income earned therein treated as other portfolio income (like buying a bond or discounted note) e.g. as investment income owing no self-employment tax? Assume I hold the notes in my portfolio until maturity or payoff, rather than flip for a yield spread premium.