<p>does anyone have any irs documentation on @vballmom distinction between a ‘loan’ and a ‘gift’.</p>
<p>that is, if i transfer $12k to my brother this year as a ‘gift’, couldn’t my brother transfer $12k to me (next tax year) as a ‘gift’ ?</p>
<p>does anyone have any irs documentation on @vballmom distinction between a ‘loan’ and a ‘gift’.</p>
<p>that is, if i transfer $12k to my brother this year as a ‘gift’, couldn’t my brother transfer $12k to me (next tax year) as a ‘gift’ ?</p>