Loaning money To Your adult kid to start A industry

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lately, I met with a pair who’d lent a substantial amount of money to their adult kids to lend a hand them begin a industry. The business failed and the parents wondered if it could be conceivable to assert a loss on their tax return. unfortunately, the domestic had made a few errors in dealing with the loan, resulting in the mortgage having a look more like a gift.
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Forbes – personal Finance