Taxes for loan repayment

[jpg2003]

What is the name of your state?NC and ND

My father a resident of North Dakota has over the years loaned my husband and I residents of North Carolina abour $40,000. We have put together that much money to pay him back. When we repay him will he have to claim that money as taxable income?

 

[tdavidl]

no, hopefully you some document that shows it was a loan repayment, maybe notarized, so uncle sam doesn't see it as a gift some day......