What Are the Implications of Giving a Gift Versus a Loan to Family?

What Are the Implications of Giving a Gift Versus a Loan to Family? Q: What is an intrafamily loan? A: The IRS defines an intrafamily loan as one family member loaning money to another, which creates a formal creditor-debtor relationship. In this case, the person who loans the money can expect to be repaid (typically… What Are the Implications of Giving a Gift Versus a Loan to Family? weiterlesen