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Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15192
Experience:  15years with H & R Block. Divisional leader, Instructor
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I have a 50000 investment that is part of a larger

Customer Question

I have a 50000 investment that is part of a larger investment of my daughter nd her husband. they deckare tge full interst on their tax return. Am I liable for any tax ?
Submitted: 1 year ago.
Category: Tax
Expert:  Robin D. replied 1 year ago.

Hello

If you are listed as an investor then you should report and pay tax on your share of the investment income.

It really depends on how you are "invested" in this and what the specifics are. If you just loaned them money they should pay all the tax and report all the income.

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Expert:  Robin D. replied 1 year ago.

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