Hello. My specialty is focusing on YOUR Financial needs. Financial Planner/Business Owner for 20 years. CPA,PFS,QFP,GMMA.
NO. I believe that you will NOT have to pay 35% tax on the interest he charges you.
If this does not answer your question please let me know. Also let me know if you have additional questions.
This is my full time job and I only get paid if you accept my answer. We work on the trust system at JA.
If you understand my answer and have no more questions, please accept and please eave positive feedback (if so inclined). Thank you.
Do you have any other questions? Please let me know via a yes or no. Thank you.
I don't pay tax because lender is non resident? or this type of transaction is not taxable?