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I lend my friend about 130k and got paid back within a week, do I need to file and how should I file it if I have to?
I lend my friend about 130k for a house downpayment and she sent it back within a week. I did not charge any interest at the time, but do I need to file a disclaimer or a form following the IRS Applicable Federal Rates (AFR) during that month? If so, is the monthly interest rate applicable to a time period of just a few days? In addition, can I file it with TurboTax?
Thank you.
‎April 14, 2022
7:24 PM