Taxes on private loans

I provide a loan to a private entity (business). Interest accured is rolled back into the loan. At the end of one year they will pay me back the entire principle + interest. Question- Do I need to pay taxes as the interest accrues or when I recieve the interest at the end of one year Thanks, John

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Reply to
devittjl
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look at the imputed interest rules

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Reply to
Benjamin Yazersky CPA

Imputed interest rules don't seem to apply. I recieve above prime rate on the loans

Reply to
jd_91pony

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