All Questions
51
questions
2
votes
1
answer
8k
views
What are the tax regulations and ramifications of personal loans?
Are there any laws/taxes on a personal loan? I realize that you can't just give someone money unless it's under X amount (last I checked I thought it was 14k), but what are the rules around loaning ...
- 175
9
votes
2
answers
72k
views
I plan on receiving a $200,000 personal loan via wire transfer. Do I have to report this to the IRS?
After researching online, I found many websites that said wire transfers are not reported to the IRS, but others said that they were reported. I just want to make sure that I do not have to pay taxes ...
- 193
7
votes
1
answer
2k
views
Any Canadian tax shelter for lending to friends or family?
I am considering helping friends or family out of credit card debt, which is costing them ~18% per year by giving them a loan at more like ~3% (kind of like consolidated credit/debt).
Is there ...
- 243
3
votes
2
answers
767
views
How to get the lowest mortgage rate on a new purchase?
Looking for a home loan in the mid $400,000, with 20% down on the value price, a first home purchase and in the U.S.
What strategies can be applied to ensure the best interest rate possible?
What ...
- 459
2
votes
2
answers
879
views
How to use my IRA as a 60 day loan?
I've seen many people on this site mention being able to use the 60 days allowed to move funds from one IRA account into another as a vehicle for a short-term loan. What do I need to know and beware ...
- 414
5
votes
2
answers
7k
views
What are the tax implications of lending to my own LLC?
Well, as I mentioned before, I'm buying rental property under the name of my LLC (California). I used cash for the purchases, but the initial investment I made in the company was not enough to cover ...
- 178k