HELCO Loan From Parants

[Andrew Pettit]

Good Evening BB,

I am getting a loan from my folks in the form of a HELCO. We were able to settle on a HELOC and I was wondering if there was any consideration during tax time that my parents that are going to have to be aware of? I have already emailed mu CPA and have not heard anything back yet. I know it is not a taxable event for them but what would those tax implications be when I pay them back their principal balance?

Thanks