? about lending money to my mother - Saab General Bulletin Board - Saabnet.com
The banner above is an advertisment - if it asks you to download software, please ignore.
Site News -
4/9 Saab Owners' Convention Day Pass Raffle |
3/26 M Car Covers (by State of Nine)
[General |
Members |
C900 |
9000 |
NG900 & OG93 |
93 |
95 |
NG95 |
99 |
Sonett |
Vintage Models |
Clubs |
Other Cars |
FAQs |
Gifts |
Member Photo Galleries |
Member Directory |
Classifieds |
Manuals |
*Buddy Registry |
*Mileage Registry |
Polls |
What's New |
Raffle |
Photo of the Month |
Sponsors]
[Main General Bulletin Board | BBFAQ |
Next by Date | Post Followup ]
Member Login / Signup - Members see fewer ads. - Latest Member Gallery Photos
? about lending money to my mother
Posted by ChrisB [Email] (more from ChrisB) on Wed, 7 Jun 2006 10:45:09
Members do not see ads below this line. - Help Keep This Site Online - Signup
My mom wants to buy a place in Greenville NC and sell her townhouse in CT. This will leave her with a fully paid for home and some money in the bank. I would like to lend her the money (via a home equity loan on my house) to buy the place in NC until she sells hers. Once she sells, she'll pay me back the full amount of the loan and I'll pay off my loan.
Are there any tax consequnces in any of this? I am only trying to facilitate her ability to buy the place in NC prior to selling her existing home, no funny business, no profit for me. TIA!
posted by 208.20.1...
Posts in this Thread:
- ? about lending money to my mother, ChrisB, Wed, 7 Jun 2006 10:45:09 <-- Viewing This Message
- You should issue a 1098 or a 1099, Rod , Fri, 9 Jun 2006 10:21:09
- You need to make sure..., Chaz, Thu, 8 Jun 2006 09:16:13
- Re: ? about lending money to my mother, B Warren, Wed, 7 Jun 2006 15:46:41
- Hope you get some better advice than this,, Jeff B, Wed, 7 Jun 2006 11:11:40
- Document the transaction...., MI-Roger , Wed, 7 Jun 2006 10:58:53
Members do not see ads below this line. - Help Keep This Site Online - Signup
Post a Followup
No Site Registration is Required to Post - Site Membership is optional (Member Features List), but helps to keep the site online
for all Saabers. If the site helps you, please consider helping the site by becoming a member.
StateOfNine.com
|
SaabClub.com
|
Jak Stoll Performance
|
M Car Covers
|
Ad Available
|
Random Saabnet.com Member Gallery Photos (Click Image)
This is a moderated bulletin board - Posting is a privilege, not a right.
Unsolicited commercial postings are not allowed (no spam). Please, no For Sale or Wanted postings, SERIOUSLY.
Classifieds are to be listed in The Saab Network Classifieds pages.
This is a problem solving forum for over 250,000 Saab owners, so expect to see
problems discussed here even though our cars are generally very reliable. This is not an anything goes
type of forum. Saabnet.com has been a moderated forum since 1988. For usage guidelines, see the
Saabnet.com Mission and Purpose Page. Please remember that you are
not anonymous. Site Contact | Site Donations | Other Sites by SP -
Poverty2Prosperity.org | Run Club Menlo Park | ScreenBot
Site Members do not see red text instructions, bottom of the page anchor ads, or box ads.
Click here to see all
the Site Membership Benefits!