Hello!
I have a question on a family loan. If it is less than $100K with 1% interest, and you buy a house with it.
What do you need to report as a borrower, and what is the tax consequence?
You have no investment income because you have not sold your stocks. You just have increased numbers in your portfolio, but you did not sell anything, so I believe it is zero investment income, apart from some bank interest.
Do you need to do anything, and therefore maybe more tax to pay?
