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Deductions & credits
If you expect to be paid back someday, the money is not a gift. Before you go forward -- decide -- are you actually giving the money to the family member with no expectation of repayment, or are you loaning them the money and expecting to be paid back?
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
May 6, 2024
9:53 AM