Irs Interest Rates For Family Loans 2024 . See when loans can help you transfer money out of your estate and how to avoid having them classified as gifts. The minimum interest rate on the loan must be based on the lesser of applicable federal rates (afrs) set by the irs or the borrower’s net investment income for the year.
What is the applicable federal rate (afr)? Successfully loaning money to family requires clear communication and maybe even a written loan agreement.
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