sbb2021
Returning Member

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!