How is forgone interest calculated? Question 13 options: a) Applicable Federal Rate (AFR) + FMV of loan = forgone interest. b) Applicable Federal Rate (AFR) - interest actually payable = forgone interest. c) FMV of loan - gift = forgone interest. d) Interest actually payable - FMV of loan = forgone interest.

Answer rating: 100% (QA)

The correct option is b Applicable Federal Rate AFR interest actually payable forgo... View the full answer