Perry Mistry | What are the tax implications if lending money to a family member to help cover a ...

What are the tax implications if lending money to a family member to help cover a down payment on a their first home? A loan drafted on paper with terms spelt out, hardly has any tax implications. Reporting of interest payments if any to the IRS becomes important. Perry Mistry SIlicon Valley, Bay Area Real Estate Agent Top 10% for Sales, 31 yrs of Team Sales Experience. email: [email protected] phone: 408-656-5343 office: Coldwell Banker, 410 North Santa Cruz Avenue, Los Gatos, CA, United States website: http://www.ruthandperry.com