01-11-2013, 02:20 AM
Hmmm... There's got to be a way for him to borrow the money from you, with a contract, and have it not be "income" since it's a LOAN..
Don't know how you'd go about it though... other than document, document, document....
If the IRS asks, you'll BOTH want to have a contract of some kind, receipts, payment schedules, etc.
Don't know how you'd go about it though... other than document, document, document....
If the IRS asks, you'll BOTH want to have a contract of some kind, receipts, payment schedules, etc.