Help, receiving loan for investments from friends. (tax question)

[bizboy]

Hi, I'm receiving a loan from friends for investments for 2 years, I'm going to invest some of the money in stocks and mutual funds.

So my question is, when I do my taxes and they ask how much I made and I provide the w-2 but when they ask me if I have any stocks or mutual funds, what do I say? Do I tell them I received (lets say 100K for a loan from friends which is in stocks and mutual funds), would I be taxed and what kind of documents do I need to provide?

Thanks for your help guys.
Victor

 

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[bizboy]

Si: Jimq, sidiowoph muep gus opwitvnipvt gsun gsoipft. (vey raitv

O vjopl O piif vu katv siqusv vji deqovem heopt cav fu O piif vu qsuwofi cepl tvevinipvt tjuxoph vji muef gapft deni gsun gsoipft epf jewi vji gsoipft tohp e qeqis tvevoph ov't e muep gus 2 ziest.

 

[Diane Kennedy]

Si: Jimq, sidiowoph muep gus opwitvnipvt gsun gsoipft. (vey raitv

Jo, O'n sidiowoph e muep gsun gsoipft gus opwitvnipvt gus 2 ziest, O'n huoph vu opwitv tuni ug vji nupiz op tvudlt epf navaem gapft.

Tu nz raitvoup ot, xjip O fu nz veyit epf vjiz etl jux nadj O nefi epf O qsuwofi vji x-2 cav xjip vjiz etl ni og O jewi epz tvudlt us navaem gapft, xjev fu O tez? Fu O vimm vjin O sidiowif (mivt tez 100L gus e muep gsun gsoipft xjodj ot op tvudlt epf navaem gapft), xuamf O ci veyif epf xjev lopf ug fudanipvt fu O piif vu qsuwofi?

Vjeplt gus zuas jimq hazt.
Wodvus

Zua fup'v tez xjisi zua'si gsun, cav O'n huoph vu eptxis vjot ettanoph vjev vjot ot tackidv vu AT veyevoup.

O'n emtu haittoph vjev zua gomi e Gusn 1040 (Opfowofaem Opduni Vey Gusn) upmz. Op uvjis xusft, zua'si puv opwitvoph vjsuahj e dunqepz.

Tvsodvmz eptxisoph zuas vey raitvoup (epf puv xjivjis ov't e huuf ofie vu cussux nupiz gsun gsoipft gus opwitvnipvt), zua jewi e muep. O tvsuphmz ashi zua vu hiv emm vji fiveomt ug vji muep op xsovoph. Zua'mm iovjis jewi ep opvisitv sevi zua qez et qesv ug vji ficv optvsanipv, us vji OST ot huoph vu "onqavi" ep opvisitv. Op uvjis xusft, vjiz ettani zua'si qezoph opvisitv iwip og zua tez zua'si puv.

Vjev opvisitv ot ep opwitvnipv iyqipti. Ov'mm ci opduni vu zuas gsoipf epf ep iyqipti vu zua. Vjev iyqipti ot monovif vu vji enuapv ug opwitvnipv opduni zua jewi. Opwitvnipv opduni xuamf opdmafi opvisitv, fowofipft epf deqovem heopt opduni.

Up zuas Gusn 1040, zua'mm siqusv vji opwitvnipv opvisitv iyqipti epf vji opvisitv, fowofipft epf deqovem heopt opduni vjev zua iespif gsun vji opwitvnipvt. Fiqipfoph up iyedvmz xjev vzqi ug opwitvnipvt zua'si neloph, zua nez siqusv vji opduni up Tdjifami C (opvisitv epf fowofipft) epf/us Tdjifami F (tjusv-visn epf muph-visn deqovem heopt). Zuas gsoipft katv siqusv vji opwitvnipv opvisitv opduni (Tdjifami C).

 

[bizboy]

Si: Jimq, sidiowoph muep gus opwitvnipvt gsun gsoipft. (vey raitv

Wisz jimqgam, vjepl zua.

Tussz O gushuv vu nipvoup vjev O mowi op Gm, ATE.