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Can I charge interest on a loan to a family member?

In Loans - Asked by Admin - 14 months ago

Yes, the IRS has a minimum rate you can charge to make it a loan not a gift.

Answered by Admin - 14 months ago

Tags: family member loan, loan, loans, can i charge interest on a loan to a family member?

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Zuuply.com has hundreds of loan related answers from experts who work in the loan industry. So, no matter if your question is about payday, personal, mortgages or a secure loan we have an answer for you. You can also ask our experts questions about anything loan related for free even "can i charge interest on a loan to a family member?". It is better to ask a question about a loan before you sign on the dotted line and wish you had asked a question, so feel free to ask away!