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#MoneyManagement

Tax Planning

Deduct a loss from making a personal loan to a relative or friend

The, image, shows, a, person, in, a, suit, and, tie,, pointing, at, a, digital, interface., The, word, "LOAN", is, displayed, in, the, center., Surrounding, it, are, icons, of, a, clock,, percentage, symbol,, calculator,, and, document.The, image, shows, a, person, in, a, suit, and, tie,, pointing, at, a, digital, interface., The, word, "LOAN", is, displayed, in, the, center., Surrounding, it, are, icons, of, a, clock,, percentage, symbol,, calculator,, and, document.
March 26, 2025
H&B
0
Suppose your adult child or friend needs to borrow money. Maybe it’s to buy a first home or address a cash flow problem. You may want to help by making a personal loan. That’s a nice thought, but there are tax implications that you should understand and take into account. Get it in writing You […]
#Loans, #MoneyManagement, #PersonalFinance, #TaxPlanning
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