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Dear Fools,
I am getting a loan from my parents, and I have a few
1. Will I have to pay taxes on it since it will
probably 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 getting
a loan themselves to give me the loan( my credit is too low to
qualify for the amount I need. What are the
implications to this i.e. how will it affect them, and how will it affect me?


Mike (
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