Реклама в Интернет
Topic: cash in present
Subject: cash in present Date: October 12, 2015 at 17:36:05
Name: David IP :
As a graduation present a person received $20K
in cash. He purchased a car from dealership putting down $9.5K in cash, the rest $10.5K he financed as a car loan. He wants to pay out the loan right away using the present money. Should he put the amount on his account? What is the best way to do this from taxes and IRS perspectives?