I am conducting a review of my Bank's Loan Register for 2010.
I have two farm loans (to purchase land).
1) A government program loan for $225,000.
2) A Bank loan for $331,000.
Is it acceptable to report both transactions? I thought that I read somewhere about it being inappropriate to structure transactions in a way that would make an otherwise other non- reportable transaction CRA reportable. That is not entirely the case here, but I could see how someone could misunderstand this situation.
Thanks for any advice in advance.
Last edited by loynograd; 01/11/11 10:34 PM.