Temp loan To Family

[RalphV25]

I need to let a family member Borrow 11k for a down payment. I will get the money returned once the current home sells. The financial institution wants me to pay the Loan people directly. If I do that and then the money is returned directly to me how that will affect my taxes and will it be considered income? It is coming out of a brokerage account.

[tagteam]

Imputed interest.

See https://turbotax.intuit.com/tax-tips/tax-payments/irs-tax-rules-for-imputed-interest/L7UbulHpC