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KASS: Seek tax advice on loaning money (access required)

DEAR BENNY: I am selling my house to a good friend and taking back 80 percent by way of a promissory note and a recorded deed of trust. I have heard I need to comply with the AFR but don’t really understand it. Can you advise? – Shelly DEAR SHELLY: AFR stands for “applicable federal rate.” ...

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