The longish paragraph on the first page of the linked document references the applicable sections of the tax code for each table. I suggest looking there for absolute certainty. But in the past when I have used this table for personal loans involving family, I have always used Table 1 without issue. Just be sure to report the interest income—even if forgiven; your tax preparer can confirm.
Standard caveat: IANAL, and this is not tax advice.
Standard caveat: IANAL, and this is not tax advice.
Statistics: Posted by FriedOkra — Fri Oct 03, 2025 5:10 pm — Replies 10 — Views 612