father sells property to son at a set price(installment). no interest stated. I guess I need to impute interest? After the note gets below $100,000, can we then not impute the interest? that's how I read TTB, but have sometimes interpreted wrong
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I thought the amount was $10,000 ????????This post is for discussion purposes only and should be verified with other sources before actual use.
Many times I post additional info on the post, Click on "message board" for updated content. -
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Imputed/unstated interest is applied differently.
Check IRS Pub 537, and read the differences between Section 1274 and Section 483 property. And then there are exceptions. . .
http://www.irs.gov/publications/p537...link1000221706
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