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To: Liz
Hunter would not have to declare any gift income. That responsibility lies with Morris. Morris can delay the gift tax, by calling it a loan.

If he does that, there must be documentation supporting that loan, to include interest payments. You can't give out noninterest bearing loans ad infinitum.

Of course, that's how it's supposed to work in real life. The rules are thrown out for Biden family and loyalists.

15 posted on 03/22/2024 5:02:58 AM PDT by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
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To: Night Hides Not

Morris must have documentation supporting what he calls a “loan,” to include interest and method of repayment. You can’t give out non-interest bearing loans ad infinitum. Of course, that’s how it’s supposed to work in real life. The rules are thrown out for Biden family and loyalists.


Amen.


16 posted on 03/22/2024 5:06:26 AM PDT by Liz (This then is how we should pray: Our Father wIho art in heaven, Hallowed be thy name. )
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To: Night Hides Not

I’m starting to like this scam. I could loan my children tons of money, zero interest, with no paperwork, and forgivable upon my death. That way I could cut them out of my will and disown them. If I need any money they could just make a loan payment. What a tax dodge.

EC


19 posted on 03/22/2024 5:25:00 AM PDT by Ex-Con777
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