Inside circumstance, this new $ten,one hundred thousand is believed is the newest determined interest to your an excellent around three-12 months, $90,100 loan

Inside circumstance, this new $ten,one hundred thousand is believed is the newest determined interest to your an excellent around three-12 months, $90,100 loan Did you know that desire-free finance of cash on the friends is considered a taxable gift to have federal present tax objectives? This article will make it easier to understand the factors…