Tag: borrowing money from family
The tax implications of lending to family
As I blogged about back on September 14th many first-time hombuyers have received gifts or loans from family members over the past year so that they can take advantage of historically low interest rates, affordable housing prices, and the government’s tax credit. The onslaught of familial generosity is great for homebuyers who would otherwise be [...]
Posted: March 3rd, 2010 under Taxes.
Tags: borrowing money from family, gift taxes and family loans, loans to family, tax implications of personal loans, taxes on loans to family
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