In the year of 2014, I had some personal loans from friends, family members, ranging from $1000 to $10,000 for each loan.
As a result, my business net was negative because I used the loans to expense for my business.
Now filing the 2014 tax, do I need to report all those loans regardless the loan amount. If yes, how?
P.S.: I only have two types of income: rental and small online business. I am from CA.