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Topic: family-loans

A residential street of family homes
Personal Finance
Thursday, 6/25, 01:36 AM

Lending Money to Family: How to Do It Without Tax Trouble or a Feud

  • An intrafamily loan can beat a bank for a down payment, tuition gap or emergency — cheaper for the borrower, better than a savings account for the lender.
  • But without a written note, a real interest rate and actual payments, the IRS can treat the money as a gift, and the relationship may not survive a missed installment.

family-loans — news and stories on this topic

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