I borrowed 20,000 from my Dad. Does he have to claim income when I repay it?

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I borrowed 20,000 from my Dad. Does he have to claim income when I repay it?

He must declare tha interest.

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I borrowed 20,000 from my Dad. Does he have to claim income when I repay it?

He must declare tha interest.

I borrowed 20,000 from my Dad. Does he have to claim income when I repay it?

He would have to report any interest earned on that loan.

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