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Deductions & credits
Yes, they are going to pay us back after they sell their house - probably within tow months. This is a bridge loan to help them with current expenses. It's $20k to them to help them with bills...they sell their house and pay us back. Is this something we need to report? Or, can we "gift" them $10k and $10k each... then they gift us back the $20k after they sell their house?
May 6, 2024
9:56 AM