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loans and gifts

  • Thread starter Thread starter coyne34
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C

coyne34

Guest
Arizona
I can gift my child with a max $10K per year without tax liabilities. May I also lend $10K the same year without tax liabilities to enable him to purchase rental property?
 


I

I AM ALWAYS LIABLE

Senior Member
coyne34 said:
Arizona
I can gift my child with a max $10K per year without tax liabilities. May I also lend $10K the same year without tax liabilities to enable him to purchase rental property?
Click to expand...

My response:

Your question is not a Family Law question. Please post your question on the Tax Law board.

Thanks.

IAAL
 
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