I made a temporary loan to my father to purchase a vehicle out of my state. He paid sales tax locally and repaid the loan later in the year. Anything I need to report?
Announcements
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
I made a temporary loan to my father to purchase a vehicle out of my state. He paid sales tax locally and repaid the loan later in the year. Anything I need to report?
I made a temporary loan to my father to purchase a vehicle out of my state. He paid sales tax locally and repaid the loan later in the year. Anything I need to report?
No there is nothing you need to report on your return, unless you had interest income from the temporary loan.