Got tight during the year did you need to make an online loan? This may be a great way out of times when the pocket seems too empty to pay the bills, but what to do when the time to declare income tax arrives and you need to explain the entry of a high amount into your account at any given time of the year?
Want to know how to declare an online loan for Revenue? Keep reading what we tell you!
Should online loan be declared?
The answer is yes, you need to declare your loan on income tax . Although it is not taxed, an online loan made in the year that passed with a value equal to or greater than R $ 5 thousand must be declared to the IRS, even if it has already been completely removed.
This is because the Treasury assesses everything you had of income throughout the year in comparison to your payments, that is, what came out of your income money. In this way, both the inflow of the loan amount and the monthly payments cause oscillations in what you have of equity and, therefore, must be declared for the Revenue to make its analysis.
The online personal loan like the loan will be classified as an unsecured loan, that is, one in which you do not need to present a good as collateral to get the loan – for example, real estate financing has the property as collateral, while the uses the car for the same purpose. In this way, the online loan must be declared in the ” Debts and Real Charges ” form.
How to make the loan statement online?
Any loan that has not been made by fiduciary alienation (as we say, those that do not have collateral, such as overdraft, payroll deductible credit or online unsecured loan) must be declared in the “Debts and Real Loans” form.
For this, you must identify the specific code of the lender (company that provided you the amount), as below:
- Loan granted by banks : code 11 – commercial banking establishment;
- Loan granted by credit cooperative : code 12 – credit, financing and investment society;
- Loan granted by company : code 13 – other legal entities (here are all those that do not fit into the other two categories).
Once you have chosen the correct code, you must enter the total amount of the loan and put in the field “situation on 12/31/17” the amount of the installments already paid up to that date. If your loan has a installment period greater than 12 months, each year you must make your statement and subtract the installments paid up to that time.
In the “Discrimination” field, it is necessary to inform the destination of the resource. Was it to pay for a trip? Open your own company? Paying debts? The form of payment should also be informed, as well as the legal details of the bank or company that granted the credit.
It is important to detail the reason for applying for the loan because otherwise the chances of falling into the “fine mesh” are greater. As an example, if you made an online loan to pay debts in the amount of $ 5,000, divided into 10 installments of $ 580 (with a total amount paid at the end of $ 5,800), and you have paid two installments until then, you you must enter the following in the “Discrimination” field:
“Online personal loan of 5 thousand reais for payment of debts, granted by the credit union” X “(CNPJ: xxxxxx) and installments in 10 installments of 580 reais.”
As you can see, declaring your loan online is simpler than it sounds, and it’s better to be sure and do everything right, than having to face problems with Revenue after!