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Search: Posts Made By: Cook_County
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Forum: USA
Aug 30th 2017, 8:08 am
Replies: 13
Views: 715
Posted By Cook_County

Re: Gift Tax

As this is a loan, you will need for US tax purposes to recognise income equal to interest at the AFR on the loan. You'll also technically have a Form 1042-S withholding requirement.
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