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guilfu
Posted
Hello, my brother lives in the Dominican Republic. He is about to sell the family business. Do I need to pay taxes on the money that gets transfer to me.
 
Posts: 1 | Location: US | Registered: 08-18-07Reply With QuoteEdit or Delete MessageReport This Post
coldfuse
Diamond Enthusiast
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Get with your tax advisor. You may owe taxes on any gains made by your investment in the business.
 
Posts: 7742 | Location: in the backwoods of North Carolina | Registered: 06-07-02Reply With QuoteEdit or Delete MessageReport This Post
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