Family Loan & No Gift Tax
I am getting a zero percent loan from my mom for $75000. Paying back $625 month for 10 years. How do we write promissory note so it doesn't trigger gift tax.
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I am getting a zero percent loan from my mom for $75000. Paying back $625 month for 10 years. How do we write promissory note so it doesn't trigger gift tax.
