johnsmith209
Junior Member
What is the name of your state?What is the name of your state? OREGON
Hi,
Is there any legal problem if I wanted to loan a friend $8,100.00 to be paid back after 5 years. No interest. I just want the principal back at the end of 5 years. Please let me know if the IRS or anyone else may have a problem with this.
Thank you,
John
Hi,
Is there any legal problem if I wanted to loan a friend $8,100.00 to be paid back after 5 years. No interest. I just want the principal back at the end of 5 years. Please let me know if the IRS or anyone else may have a problem with this.
Thank you,
John