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    rocky63's Avatar
    rocky63 Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Oct 28, 2008, 12:39 PM
    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?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Oct 28, 2008, 12:46 PM

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