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In 2017, my dad who is NOT a US citizen or resident loaned me 165,000$ to buy my house in the US. In my case, do I have to file any tax form with my tax return.
Hi, My name is Eddy and I am filing my tax return for 2017. In 2017, my dad who is NOT a US citizen or resident loaned me 165,000$ to buy my house in the US. Since my dad doesn't file US taxes that means he doesn't have to report anything to the IRS. In my case, do I have to file any tax form with my tax return and do I owe the IRS any taxes. NB: I am a permanent resident and the above amount was a loan and Not a gift. Thank you
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‎June 6, 2019
9:47 AM