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Get your taxes done using TurboTax
You do not need to report a loan on your tax return, as it is not considered income.
If you receive a gift in excess of $100,000 from a non-U.S. citizen you must file a report and a no-interest loan could possibly be perceived as a gift. However, you are still under this reporting threshold.
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‎February 11, 2020
9:17 AM
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