I need to find the applicable federal tax rate for a short term loan dated Ocotber 2019
you mean Imputed interest? Youre looking for the AFR?https://apps.irs.gov/app/picklist/list/federalRates.htmldoes this help?
This might help you with figuring the interest.https://turbotax.intuit.com/tax-tips/tax-payments/irs-tax-rules-for-imputed-interest/L7UbulHpC
Maybe I'm not reading them correctly. So short term loan dated October 2019, promissory note states no interest, the rate I apply for imputed (yes) interest is 1.69% per year?
I didn't get a reply from anyone, is the short term rate for a promissory note dated October 2019 1.69% per year?
