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Giving Loan to a Relative (in India)
I plan to lend money to my brother-in-law living in India. To emphasize here, this is NOT a gift and it's a loan that he will repay me. I wanted to check
1. What are the limits that IRS mandates (for the current year 2021) on such loans?
2. To stay clean, what are the things I should do before/after the wire transfer?
Thanks in advance!
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‎July 5, 2021
9:06 AM