Thinking About Lending Money to Family? The IRS Has Something to Say About That. - News Summed Up

Thinking About Lending Money to Family? The IRS Has Something to Say About That.


For families that can afford to, now is a great time to lend money to deserving relatives. Family members slammed by the coronavirus pandemic may sorely need cash, while others may have it and want to help. But both lenders and borrowers should be aware of strict tax rules governing intrafamily loans. The good news is that the required interest...


Source: Wall Street Journal May 08, 2020 09:33 UTC



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