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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 578
Experience:  10 years experience
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My question is, I mortgaged some property and is receiving

Customer Question

Hello...
My question is, I mortgaged some property and is receiving 50,000 dollars, which is to be wired to my bank account...will the bank report these funds to the irs ? Or not
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: My question is..
I mortgaged some property and I'm going to get a wire transfer of 50,000 dollars...will the bank report these funds to the irs ? Or not
JA: Is there anything else important you think the Accountant should know?
Customer: Not at this point
Submitted: 6 months ago.
Category: Tax
Expert:  Mark Taylor replied 6 months ago.

Hi, my name is Mark. I will be happy to help you with your questions. What kind of property did you mortgage. Was this your personal residence?