http://www.doverealtyhotelbrokers.com/2009/05/my-parents-are-taking-out-a-home-equity-loan-to-lend-me-money-to-start-a-business-does-anyone-get-taxed/ Mon, 25 May 2009 21:34:49 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.doverealtyhotelbrokers.com/2009/05/my-parents-are-taking-out-a-home-equity-loan-to-lend-me-money-to-start-a-business-does-anyone-get-taxed/comment-page-1/#comment-141 mister ed Fri, 08 May 2009 02:50:58 +0000 http://www.doverealtyhotelbrokers.com/2009/05/my-parents-are-taking-out-a-home-equity-loan-to-lend-me-money-to-start-a-business-does-anyone-get-taxed/#comment-141 not unless you are going to pay them any interest on the loan!!!! sure hope you make it -- hate to see your folks lose there home!!!! not unless you are going to pay them any interest on the loan!!!! sure hope you make it — hate to see your folks lose there home!!!!

]]> http://www.doverealtyhotelbrokers.com/2009/05/my-parents-are-taking-out-a-home-equity-loan-to-lend-me-money-to-start-a-business-does-anyone-get-taxed/comment-page-1/#comment-142 goodwork Fri, 08 May 2009 02:50:58 +0000 http://www.doverealtyhotelbrokers.com/2009/05/my-parents-are-taking-out-a-home-equity-loan-to-lend-me-money-to-start-a-business-does-anyone-get-taxed/#comment-142 $10,000 a year is a gift no tax. $10,000 a year is a gift no tax.

]]> http://www.doverealtyhotelbrokers.com/2009/05/my-parents-are-taking-out-a-home-equity-loan-to-lend-me-money-to-start-a-business-does-anyone-get-taxed/comment-page-1/#comment-143 STEVEN F Fri, 08 May 2009 02:50:58 +0000 http://www.doverealtyhotelbrokers.com/2009/05/my-parents-are-taking-out-a-home-equity-loan-to-lend-me-money-to-start-a-business-does-anyone-get-taxed/#comment-143 No one gets taxed for making of receiving a loan. The IRS will consider a portion of you payments to be interest on the loan. This is taxable to your parents and MAY be deductible as a business expense. No one gets taxed for making of receiving a loan. The IRS will consider a portion of you payments to be interest on the loan. This is taxable to your parents and MAY be deductible as a business expense.

]]>