Canada Tax Filter: Since interest on investment loans is tax deductible, does that mean you could deduct the interest on an RRSP loan as well? [more inside]
posted by blue_beetle
on Mar 31, 2011 -
I would like to know if I took a bank loan in another country and had the money wired to me here in the US, around 160K, if the IRS would tax that amount. I called them and apparently they didn't know because they could not answer the question. I will have to pay back that loan so i would imagine that the amount wouldn't be taxed here (as long as i prove to the IRS that i got the loan).
posted by Giovanna123
on Sep 3, 2009 -