> the money comes back to `C` Does receiving a payment on a loan not count as income? After brief searching, and the usual IANAL disclaimer, it would seem you'

> the money comes back to `C` Does receiving a payment on a loan not count as income? After brief searching, and the usual IANAL disclaimer, it would seem you'd still be liable for interest on the loan as income (so some small percent of your 'donations' cancel out?). Further, you can only claim so much charitable donations per-year (but it can roll over for 5 years). It's an interesting strategy if it works. I'd love to hear someone more educated on the topic weigh in.