Loans and doing taxes

[El Elvis Rojo]

I'm 25, and this will be the second year I've done my taxes on my own. I'm still a little iffy on the whole thing, so I was wondering if someone could answer me a quick question:

I took out a personal loan this year, and I'm curious if I need to mark this down as income when it comes time to file my taxes. That's pretty much it. Anyone got the answer?

[RealityChuck]

Loans aren't generally counted as income. Since you have to pay it back, it's different from money you're keeping.