@Face_in_the_crowd wrote:
So how low of an interest rate can I charge for it to be considered a loan? 0.001% ?
You have to use to AFR (applicable federal rate), for the period of the loan, which the IRS publishes.
See https://apps.irs.gov/app/picklist/list/federalRates.html
You might want to read through the following TurboTax article.
https://turbotax.intuit.com/tax-tips/tax-payments/irs-tax-rules-for-imputed-interest/L7UbulHpC
Also, note that if you were paying a provider of medical services directly, that would not be considered a taxable gift.
See https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-tax...
