Question
Marilyn made a $15,000 interest free loan to her friend Polly two years ago. The loan is still outstanding at the end of the current
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Marilyn made a $15,000 interest free loan to her friend Polly two years ago. The loan is still outstanding at the end of the current year. The AFR is 15%. Polly's net investment income for the year is $1,100. What is Marilyn's imputed interest for the year?
$750
$1,500
$0
$1,100
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The Finance Book
Authors: Stuart Warner, Si Hussain
1st Edition
1292123648, 978-1292123646
