Interest is not imputed on a gift loan between two individuals totaling $14,000 except when the borrowed funds are used to purchase income-producing property.

Name: Interest is not imputed on a gift loan between two individuals totaling $14,000 except when the borrowed funds are used to purchase income-producing property.
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Interest is not imputed on a gift loan totaling $10,000 or less unless the proceeds are used to purchased income-producing property.

Interest Is Not Imputed on a Gift Loan Between Two