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
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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