Posted by Edwin on May 07, 2010 at 14:30:13:
No problem with that at all. I just would not go telling the IRS you loaned him the money, in case some inept IRS employee gets the erroneous idea that what you did was improper and makes trouble for you.
Parents Funding of Son’ Purchase - Posted by Jack-E
Posted by Jack-E on April 25, 2010 at 16:09:38:
Does anyone know how the law reads as to whether or not parents may fund with a loan a son’s purchase of a first time home and him receive the $5,000/$8,000 credited back from the government?