No, I was not incorrect on personal loans. When I lent $35,000 to a family member and was paid back, the IRS did not give a damn about the transaction.
To repeat, Hunter and Joe Biden are being investigated by Comer and a Republican led committee whose goal is to eventually impeach Joe and put Hunter in jail. I really do not care about the OPINIONS of people on this forum as to the guilt or innocence of any of the Bidens. I will wait until the committee analyzes all the information and reaches a decision as to how to proceed. As of today, based on innocent until proven guilty, there is no proof that any of the Bidens did anything illegal. Just a lot of unsupported allegations.
Originally Posted by SpeedRacerXXX
Again, Joe Biden should explain why the $200,000 and $40,000 wires to James Biden came from a trust account at a law firm used by Biden family members, including Joe and James, instead of directly from Joe Biden. And the President should provide documentation showing the money was his. At such time as he does that, Comer would have egg on his face.
“The wires Democrats say show proof came from a law firm associated with several members of the Biden family — including James Biden’s JBSSR Inc., Hunter Biden’s Owasco LLC, Joe Biden’s CelticCapri, and Biden family associate Rob Walker’s Robinson Walker, LLC,” the aide said. "Documents in the committee’s possession do not make clear that the law firm wired money from Joe Biden’s personal account or rather a more generic account the firm could have used to mask the true identity of client transactions.”
Just a few weeks before James Biden wrote Joe Biden the $40,000 check labeled as a “loan repayment” in 2017, a Chinese company working with the Biden family had paid Hunter Biden $400,000. Hunter Biden had then transferred a share to James Biden, whose wife ultimately wrote the check to Joe Biden.
In 2018, a failing healthcare company wired James Biden $200,000 on the same day he wrote a check for the same amount to his brother. The company later said it improperly classified the money to James Biden as a loan.
https://www.washingtonexaminer.com/n...id-james-biden
We don't really know who was the beneficial owner of the $240,000 paid by the law firm. It could for example have been James Biden, paying money to himself. I think the probability of that is less than 50%. But this is something that should be easy for the Biden's to clear up. And they haven't.
Like you I've made loans to family members. And to friends. But I've never routed the money through my lawyer's trust account.