Guides

Private loans, trusts and business sales, explained

Plain-English answers for families, trustees and business owners, checked against IRS sources.

Real estate and family loans

Who sends the 1098 on a family or seller-financed loan?What the IRS actually requires from each side, and how to make your numbers match.Can you deduct mortgage interest on a loan from family?The four tests your loan has to pass, and the mistakes that sink the deduction.AFR rates for October 2026This month’s IRS minimum rates, and which one applies to your loan.Lending family money for a house: gift, loan, or mortgage?Compare the three ways to do it, what each costs, and the steps to do it right.

Trusts

GRAT annuity payments: the 105-day rule and common mistakesHow to pay the annuity on time and in the right form, and a yearly checklist for trustees.Crummey notices for life insurance trusts: how to send themWhat to send after each gift, when to send it, and what to keep on file.

Business sales

Seller financing a business sale: how a seller note worksThe terms to agree, how a bank loan changes them, and what to track after closing.Selling a business on installments: how the taxes workForm 6252, recapture, interest, related buyers and Form 8594, in plain English.

Keeping a private loan, a trust or a seller note?

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These guides are general information, not tax or legal advice. Rules depend on your facts and your state; check with your CPA and attorney before you act. Questions: help@paperitup.com