How an Interest-Free Loan to a Foundation Can Produce “Investment Interest”— and a Deduction—for the Lender
Author: Staff Editors.
Source: Volume 04, Number 04, May/June 2005 , pp.11-11(1)
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Abstract:
In a recent private letter ruling, the IRS demonstrates how an interest-free loan to a family foundation from its creator can produce imputed interest that will help the creator deduct interest on borrowings used to fund the loan.Keywords:
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