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  • Jun 28, 2010, 05:13 PM
    dpuhlfritz8831
    I am borrowing several million dollars from a foreign bank against collateral located
    Are loan proceeds from a foreign bank lender taxed when the proceeds are wired to my US bank account?
  • Jun 28, 2010, 05:23 PM
    ScottGem

    Loan proceeds are never taxed.

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