body: let's say someone wishes to loan money to his brother, but has little expectation of repayment and no intention of pursuing the matter if his brother defaults. would the irs consider this a gift, a loan, or a gift loan?
  
  
  details: 
  14k$ at 12% interest for a fixed term of 3 years as a strictly oral agreement without any signed document. let's assume there are some emails or text messages discussing the issue, but nothing documenting a final agreement.
  
  
  
title: can small loans be considered gifts for tax purposes?