- Jurisdiction
- Arizona
In Arizona, a year ago, I loaned my brother $80K, so he could buy a house.
Now, he must sell it. The escrow company will issue a check to me for the $80K.
It is repayment of a non-interest loan.
How can I make sure that there are no state or fed tax ramifications?
Thanks.
Mark2364
Now, he must sell it. The escrow company will issue a check to me for the $80K.
It is repayment of a non-interest loan.
How can I make sure that there are no state or fed tax ramifications?
Thanks.
Mark2364