Uncollected interest reported to IRS as accrued or added to loan and reported later?

Answers:0   |   LastUpdateAt:2012-08-06 19:28:03  

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wilfredo
Asked at 2012-08-06 19:28:03
I did a loan for a small business so that to buy a property in July 2009. The company bought the property and immediately encountered repair problems that prevent your cash flow so no loan payments have been made yet. I'm sure what to do with interest according to the AFR. We are both cash basis to journalists. Am I obliged to report the interest charged now or should I just add the interest charged on the original loan amount , and report it when I get it ?
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