Friend want to repay $100,000 via paypal with dix amt every month
RG1085
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Posted on
Jun-05-2022
01:07 PM
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?
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Receiving Money
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Recurring Payments
1 REPLY 1
sharpiemarker
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Jun-05-2022
03:42 PM
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. 🙂

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