as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
is it taxable if someone return me money?
user
the $10,000 is not taxable to either of you, but the $500 is taxable income to you - and a deductible business expense for your friend.
assistant