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Financial Planning / Tax Strategies


Subject:  Hypothetical loan question Date:  9/16/2008  1:54 PM
Author:  reallyalldone Number:  101903 of 128104

So I lend a child less than $12000 for a car. I haven't gifted anything of substance that year and neither has my husband. Is there any reason I have to charge market interest or any interest on the loan for the IRS to be happy ?

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