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Author Question: Jennifer made interest-free gift loans to each of her four children as follows: (1) John borrowed ... (Read 41 times)

jilianpiloj

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on: Sep 13, 2020

Question 1

Imputation of interest could be required on all of the following loans with the exception of
◦ a loan between a partnership and a 55% partner.
◦ a loan between a mother and son.
◦ a loan between an employer and employee.
◦ a loan between two best friends.

Question 2

Jennifer made interest-free gift loans to each of her four children as follows:
(1) John borrowed $9,500 to purchase an automobile. His net investment income is $1,500.
(2) Rick borrowed $50,000 to purchase a trailer. His net investment income is $900.
(3) Bert borrowed $25,000 to purchase stock. His net investment income is $1,200.
(4) Elizabeth borrowed $110,000 to purchase a home. Her net investment income is $800.

Assuming a 5% interest rate, on which loans must interest be imputed?
◦ loan to John and Bert
◦ loan to Bert and Elizabeth
◦ loan to Rick, Bert, and Elizabeth
◦ All of the loans are subject to the imputed interest rules.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by jilianpiloj on Sep 13, 2020

mmpiza

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jilianpiloj

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Reply 2 on: Sep 13, 2020
Excellent

xiazhe

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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