Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Real Estate Law (https://www.askmehelpdesk.com/forumdisplay.php?f=29)
-   -   HOME Investment (https://www.askmehelpdesk.com/showthread.php?t=274602)

  • Oct 28, 2008, 12:39 PM
    rocky63
    HOME Investment
    I invested 200k in the purchase of a home with my brother back in feb.2008
    I wired the cash from my bank to the escrow company. He was placed on title I was not. Know do I report this purchase transaction to the IRS not being on the deed? He says he will pay me the cash back with the sale of another home he owns in 2 yrs. Is it necessary to report to the IRS this transaction?
  • Oct 28, 2008, 12:46 PM
    ScottGem

    Since this was an invenstment, you would report it as you would any invenstment.

  • All times are GMT -7. The time now is 06:13 PM.