: Any tax issues paying on someone else's loan? My parent had to get a Parent Plus Loan to help me pay for college, with the unwritten condition that I pay it off. As I good child, I obliged. However, I want to start aggressively

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Any tax issues paying on someone else's loan?
My parent had to get a Parent Plus Loan to help me pay for college, with the unwritten condition that I pay it off. As I good child, I obliged. However, I want to start aggressively paying it off starting January, and I began to think of the transactions.

I pay the loan company directly -- the money comes from my personal checking account to FedLoan. At the end of next year I hope to have paid ~,000-,000

Now I've seen some posts about children giving money to their parents and having the parent pay the loan, but that is not the case here.

Are there any issues?

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