Why Not Mint Money

195: Know the tax rules before lending to or borrowing from friends and relatives

Episode Summary

Often people take financial help from friends and relatives in crisis. In today’s episode, we talk about the tax regulations that people should know about when borrowing from or lending to relatives and friends.

Episode Notes

Often people take financial help from friends and relatives in crisis. In today’s episode, we talk about the tax regulations that people should know about when borrowing from or lending to relatives and friends.