Subject: Re: From the US POLICY board in late 2023
Interesting.

Marco: The IRS mandates that any loan between family members be made with a signed written agreement, a fixed repayment schedule, and a minimum interest rate.

Me: I can tell you this, if it looks like a loan, there's good reason to believe it's a loan and no reason to think it may not be a loan, and your boss and his boss agree with you, then you treat it like a loan.