Which of the following is true regarding loaning money to family members?

Attribution does apply when the lower-income spouse borrows money from the higher-income spouse to pay off personal debts.

Attribution does apply when the money is loaned in order to offset a capital loss.

Attribution does not apply when money is loaned and the interest charged is paid within 60 days after year-end.

Attribution does not apply when money is loaned for value and the interest charged is paid within 30 days after year-end.