Hmmm..More direct evidence Biden was paid by a Communist China energy company

[Luvnit2]

(12-05-2023, 03:06 PM)pally Wrote: yes and no....the IRS has requirements when the loan or gift exceeds $10,000 below that the loans are considered "de minimus" and does not require interest, documentation, or reporting as long as the loan does not go to a income producing product.  So for example you can loan your child $9,999 for a house downpayment as long as they plan to live there.  You can't if they plan to rent it out.

So Joe loaning Hunter less than $5000 for a car down payment is exempted

You are 100% wrong because this was not a personal loan paid back from a personal account. It was a loan paid back through a business account and again, the business needs to give the lender a 1099 with the interest. It is against the law to give a zero interest business loan.