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Home / Columnists / No-interest loan to children would come with tax bite (access required)

No-interest loan to children would come with tax bite (access required)

DEAR BENNY: My wife and I want to give our two grown children an interest-free loan for $360,000. They currently have a 15-year, fixed, 5 percent loan for this amount for a second home they both enjoy. With our given money they can immediately pay off the bank loan and pay us back $4,587 per month ...

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