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I am borrowing US$200000 as a personal loan fro a, I live in

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I am borrowing US$200000 as...
I am borrowing US$200000 as a personal loan fro a
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: I live in Canada as Canadian Citizen. I want to borrow US$200000 from a loan company in USA. I NEED this loan by wire transfer to my account. Does the lender pay taxes to IRAé
JA: Is there anything else the Accountant should be aware of?
Customer: tHIS IS PURELY PERSONAL REFUNDABLE LOAN OVER 30 YEARS
JA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Accountant about your situation and then connect you two.
Submitted: 1 year ago.Category: Tax
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Answered in 3 minutes by:
7/8/2016
Tax Professional: Mark Taylor, Certified Public Accountant (CPA) replied 1 year ago
Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2,338
Experience: Certified Public Accountant
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Hi,my name is Mark. I would be happy to help you with your question.

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Tax Professional: Mark Taylor, Certified Public Accountant (CPA) replied 1 year ago

So you are borrowing from a US Resident?

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