What is the lowest interest rate I can charge a family member?

Asked over 4 years ago - Alberton, MT

I want to write a loan to a family member at the lowest rate allowed by the IRS.

Attorney answers (1)

  1. Susanne Marie Feigum

    Contributor Level 10

    Answered . You don't specify what amount you are intending to lend. The IRS does have a website with the applicable numbers. Cut and paste this link into your browser for the lowest interest by amount.

    http://www.irs.gov/pub/irs-drop/rr-10-11.pdf

    All the best.
    Susanne

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