- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Family Loan Limits to Avoid Interest
What is the allowed amount for a loan between family members in order to not have to pay interest? Is it exactly $10,000 per year? Do you need to immediately start making monthly payments back or set up a contract that just defines the terms of when repayment begins? It sounds like this is no really on the IRS' radar as long as it's $10k and below, so I just want to be clear about the amount allowed, no interest and repayment. Thanks
Topics:
‎January 4, 2025
11:58 AM