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loans

Loans To Relatives

Loans To Relatives PUT ALL FAMILY LOANS IN WRITING Documentation is critical on any family loan. If the loan goes bad, you’ll want to claim a tax deduction. But, without proper paper work, an IRS auditor will say the transaction was a gift, which means no deduction for you and a possible problem with a […]

Filed Under: News Articles Tagged With: deduction, deductions, family loan, family loans, interest, loan, loan to family, loans, loans to relatives, long term loan, short term loan, tax deduction

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Ronald Semaria
Semaria Consulting
1408 East 66th St
Brooklyn, NY 11234
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