chrispapera
Junior Member
South Carolina
I want to borrow from my Dads Trust. It is a revocable trust. We can set up a loan from the trust.
What are the tax consequences if a lump sum is gifted instead of setting up a loan.
Best regards,
Chris Papera
I want to borrow from my Dads Trust. It is a revocable trust. We can set up a loan from the trust.
What are the tax consequences if a lump sum is gifted instead of setting up a loan.
Best regards,
Chris Papera