Monday, May 21, 2012
Help your family, but beware 'phantom interest'
Q I plan to lend my son and daughter-in-law $100,000 to assist them in buying their first home, a condominium in Maryland. I have heard about a legal concept called “imputed interest” and don’t want to get caught in some kind of Internal Revenue Service trap. Exactly what is “imputed interest?”
Read the whole story here: Help your family, but beware 'phantom interest'
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment