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Business, 24.06.2019 22:00 Kimmie2019

Tom loans $11,000 to his daughter tina. why would interest not be imputed on this loan? interest would not be imputed because the loan is less than the amount of the annual exclusion. interest would not be imputed because loans of $100,000 or less are exempt from both income tax and gift tax consequences. interest would not be imputed because tina has unearned income of $500. interest would not be imputed because tina’s earned income is less than $1,000.

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Tom loans $11,000 to his daughter tina. why would interest not be imputed on this loan? interest wo...
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