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    GreenPips's Avatar
    GreenPips Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 14, 2012, 08:11 PM
    Loan from a private individual from abroad
    Hi. I am new to this forum. I read several threads and find it really interesting.

    This is my first question here.

    Does a resident of U.S. have to file anything or pay any taxes if he or she receives a loan from a private individual from overseas through money transfer made from overseas bank to US bank account?

    Thank you.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 14, 2012, 08:18 PM
    No, there are NO transfer taxes in the United States,
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