Dear Fools,I am getting a loan from my parents, and I have a fewquestions.1. Will I have to pay taxes on it since it willprobably look like I just had the money given to me?I will be paying it back with interest.2. They are doing me a favor because they are gettinga loan themselves to give me the loan( my credit is too low toqualify for the amount I need. What are theimplications to this i.e. how will it affect them, and how will it affect me?Thanks,Mike (Mikerm74@yahoo.com)
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