Tracie G. asked

💰  Tax

My Taiwanese friend wired me $20,000 to try an investment opportunity or purchase real estate in the U.S. for him. What are the tax issues for me relating to the IRS?

April 2nd, 2024

Darren M. answered

If you use the $20,000 to make an investment in your own name, it would be considered a gift, and yo...

April 2nd, 2024

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