這麽大方幫他把稅也交了好了。

1. gift tax consideration

You lend your friend a interest-free loan.  The loan itself is not a gift, but the uncharged annual interest is gift and subject to gift tax.  However, let's say the market rate is 3%, the uncharged interest for $100K is only $3K, well within the gift tax exemption limit.  

Conclusion: you do no need to report the annual interest gift.

2. Bad Debt Deduction

A cancellation of bad debt is a taxable income to the borrower.  For the lender, you might be able to deduct bad debt from your tax.  But it could get complicated on whether the "bad debt" is really a gift or debt.  See following links, (at the risk of people calling me cut&paste google machine again). 

https://turbotax.intuit.com/tax-tips/irs-tax-return/how-to-report-non-business-bad-debt-on-a-tax-return/L1mUzQFtB

https://turbotax.intuit.com/tax-tips/irs-tax-return/good-deeds-gone-bad-getting-a-tax-break-for-that-loan-your-nephew-never-paid-back/L3wUJC6Ni#:~:text=Nonbusiness%20bad%20debts%20are%20treated,your%20relationship%20to%20that%20person.

Or google "non-business bad debt deduction". 

所有跟帖： 

• 謝謝檸檬大師指點。 -笨小子- ♂ (218 bytes) () 03/19/2021 postreply 07:51:03

• Talk to a loan officer -檸檬椰子汁- ♂ (356 bytes) () 03/19/2021 postreply 08:00:11

• yes, we plan to sign the 709. thx again. -笨小子- ♂ (0 bytes) () 03/19/2021 postreply 08:20:49

• 這下好了，成了名正言順的饋贈。你隻要仍然想收回，就應該作loan處理。 -風雨夜行人- ♂ (0 bytes) () 03/19/2021 postreply 11:02:16

• not sure what you mean "sign the 709". but okay. -檸檬椰子汁- ♂ (0 bytes) () 03/19/2021 postreply 12:08:12