| Author | giving back loan via invitation program? |
|---|
| is it possible to give back a loan using the invitation program, for example, if i get a 30k loan from my friend who's refferral i used when registerring, and then i leve up and he gets the 30k for it. would that be counted as returning the loan if the friend is ok with it? |
| no |
| so if it won't count as returning the loan then, if the friend is ok with it the initial loan would just become a gift right? |
initial loan would just become a gift right?
Nope |
so then the friend should just send the 30k as a gift in the first place, and then he'll get it back through the invite program.
so it's officially a gift, but really works like a loan |
| nope. He can send as a gift (as long as it is within allowed amount under rules) and then it is a gift. It has nothing to do with loans. |
| well yeah, that's what i meant) |
NO, if he gave u a gift in the first place
sure.
BUT if he loan u, u must return |
| you could always return the loan and then get a new transfer with description "gift". Stupid rules, it should be able to turn to gift without that taxy procedure needed. |
