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Updated almost 5 years ago,

Micaiah Cormier's profile image
Micaiah Cormier's profile image
Micaiah Cormier
  • from Claremont, New Hampshire
  • Member since Nov 9, 2017
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14
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5
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Micaiah Cormier's profile image
Micaiah Cormier's profile image
Micaiah Cormier
  • from Claremont, New Hampshire
  • Member since Nov 9, 2017
Connect
Micaiah Cormier
  • Claremont, NH
5
Votes |
14
Posts
Tax, SDIRAs & Cost Segregation

foreign private lender

Micaiah Cormier
  • Claremont, NH
Posted
So my son in-law, my son and I want to run a deal. The in-law's uncle is wealthy and willing to lend us money for a commission on the profits - but he lives in Mexico. I have many questions about whether this is possible. How will he transfer the money? How is it taxed? Loan? Gift? it seems like it is so close but so far. Anyone have any insight on this?
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