Thank you,, It would be worth the same thing if they lop or not so there is no reason to just sell it before I find out what is going to happen.. But my question is ... Will I have to explain to the bank or to any one how I got the money.. I got it in the mail from my brother in Iraq we did not tell any one that he was send it to me. Is it ok to just take money out of Iraq and not report it.. I have found out that if it is reported as a loan then there is no tax's on it.. But I would pay tax's if it means keeping it with no probles.
Thank you,, It would be worth the same thing if they lop or not so there is no reason to just sell it before I find out what is going to happen.. But my question is ... Will I have to explain to the bank or to any one how I got the money.. I got it in the mail from my brother in Iraq we did not tell any one that he was send it to me. Is it ok to just take money out of Iraq and not report it.. I have found out that if it is reported as a loan then there is no tax's on it.. But I would pay tax's if it means keeping it with no probles. I am sure there are other people in the same boat..
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