Friend want to repay $100,000 via paypal with dix amt every month

RG1085
New Community Member
I gave friend $100,000 for his house. He wants me to pay back using paypal with some fix amount every month. Is there any tax implication in this transaction?
Login to Me Too
1 REPLY 1

sharpiemarker
Esteemed Advisor
Esteemed Advisor

@RG1085 

 

Not if they sent money as friends and family. But I would use Zelle for something like this. One pays back a dinner meal with PayPal, not a house.


Kudos & Solved are greatly appreciated. 🙂
Login to Me Too

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.