quot;The Cheyenne Golf and Tennis Club requires its members to purchase stock in the corporation and to make a deposit of $10,000. The deposit is to…

“The Cheyenne Golf and Tennis Club requires its members to purchase stock in the corporation and to make a deposit of $10,000. The deposit is to be repaid in 30 years, and no interest is charged. Is the deposit subject to the imputed interest rules for below-market loans?(I’ve done a lot of research on this but I am not sure that I’m going in the right direction.)”Here are some things that I have found helpful..section 7872, TAM 9735002I want to know if the deposit is subject to the imputed interest rules for below-market loans?Also, I want to know how to classify the loan-would it be considered a tax avoidance loan, a significant effect loan, etc? I thought it might be tax avoidance at first but I’m not sure how exactly to determine that.And because they are required to purchase stock in the corporation, they are considered owners.. I’m not sure how it works when you loan money and you are an owner. I don’t think it would be a Corp-Shareholder loan because it is from the Shareholder?I know the deposit is at the cut off, I know that if certain loans (gift, corp-SH) are $10,000 or less between individuals then there is no imputed interest. I am just not sure that it would apply in this particular situation.

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