The Tax-Smart Way to Loan Money to Friends & Family

By / COVID-19/ News
06 Apr 2020

The Tax-Smart Way to Loan Money to Friends & Family

The Tax-Smart Way to Loan Money to Friends & Family Offering to lend money to cash-strapped friends or family members during tough economic times is a kind and generous offer, but before you hand over the cash, you need to plan ahead to avoid tax complications for yourself down the road. Take a look at this example: Let’s say you decide to loan $5,000 to...

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