RobertB4444
Expert Alumni

Get your taxes done using TurboTax

The interest should be set at the current market rate.  You can also set it to be paid at the end of the loan term.  But 38K is the max gift currently so how you use that gift is up to the gift giver.

 

@Bhamilton511 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"