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lara_mclean
New Member

My parents loaned us $20,000.00, do I need to report this and if so, how?

 
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RichardG
New Member

My parents loaned us $20,000.00, do I need to report this and if so, how?

Loans are not income because of your obligation to repay the debt.  The loan is not reported on your tax return.

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RichardG
New Member

My parents loaned us $20,000.00, do I need to report this and if so, how?

Loans are not income because of your obligation to repay the debt.  The loan is not reported on your tax return.

View solution in original post

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