Originally Posted by Wnhough
unless he also pays you intetrest, you do not need to pay tax on the monthly payments deposited in your bank acct.n US from overseas. you do not need proof for that. however, youmay keep bank stmt. or receipt for potential audit even if is very rare
Thanks for you replay...
Yesterday I filed my tax file then It comes
In my mind that we need to define that of not.
He is my good friend...I did't get any interest on that amount
He cann't pay in full so he request me
To pay in installment so I said okay you
Can pay me monthly so every month he transfer
1000$ Singapore dollar ( about 700 usd ) and now he paid full
And now he is not paying me from last year December...
Thanks for your advice.. Thanks a lot