Summary
The Tax Court determined that a transfer of stock was a gift rather than a loan even though the parties executed a note. The court listed nine factors it considered when determining whether the loan was a bona fide debt. Since the alleged debt did not me ...
Greg R. Vinikoor and Melissa D. Vinikoor v. CIR
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See Also
Interfamily Transfer Determined to Be a Gift in Spite of Promissory Note
The Tax Court determined that a transfer of stock was a gift rather than a loan even though the parties executed a note.