How to use other people’s money

[Bradley Bismark]

Hi,

I need some advice on how to use other people’s money without creating a tax liability.

Situation is; I have a family member who is willing to lend me money toward a deal. What is the best way to receive and use that money without it creating a tax issue for me or them?

- are there certain forms to use

- should I somehow leverage my llc for the transaction?

I am based in NY state of that helps.

Any advice welcome, thanks.