Special tax implications for a Nonrecourse Loan
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chas
Apprentice
Joined: 09 Oct 2006
Posts: 1
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 Posted: 10/04/08 - 07:20 Post subject: |
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| I am considering applying for a norrecourse loan. I am not sure whether I am going to need it because I have some plans. However if those plans fails I would not have any other option. That is why I would like to know if there are special tax implications for a Nonrecourse Loan? Thank you all. |
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corby
Apprentice
Joined: 19 Sep 2006
Posts: 1
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| Posted: 10/14/08 - 04:37 Post subject: |
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| I do not think that there are any tax implications for a nonrecourse loan. I really think that there is nothing got worry about. On my personal opinion this loan has very good characteristics. However I never had to use this loan so I am probably not the bets person for this matter. |
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quillan
Apprentice
Joined: 07 May 2008
Posts: 1
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| Posted: 10/24/08 - 01:55 Post subject: |
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| I am not so sure that there are any tax implications for a nonrecourse loan. I cannot give you good explanation but I am pretty sure that there are some tax consequences. That is why I would recommend you that you speak with a financial adviser. Only this way you will have the right information. |
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athene
Apprentice
Joined: 16 Feb 2005
Posts: 1
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| Posted: 11/02/08 - 23:12 Post subject: |
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| I too think that there are some tax implications for a nonrecourse loan or non-recoursed debt. I am pretty sure I have read something about this while surfing on the internet but it was long time ago and honestly I did not paid much attention because I was looking for something completely different. |
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