Pops_IL_CP_Dad
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Reged: 02/02/08
Posts: 406
Loc: Illinois
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Re: Definition of Gift vs Loan
02/11/08 10:07 PM
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The IRS, a federal agency, makes up its own rules for deciding what income is.
Each state has its own statutes which decide what will or won't be defined as income in calculation of CS or SS.
One has nothing to do with the other.
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