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trof (1000+ posts) Send PM | Profile | Ignore | Tue Jul-17-07 09:30 AM Original message |
Any IRS and/or real estate/mortgage cognoscenti here? |
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trof (1000+ posts) Send PM | Profile | Ignore | Tue Jul-17-07 09:39 AM Response to Original message |
1. I may have found answer. |
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rug (1000+ posts) Send PM | Profile | Ignore | Tue Jul-17-07 09:44 AM Response to Reply #1 |
2. Republican. |
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trof (1000+ posts) Send PM | Profile | Ignore | Tue Jul-17-07 09:52 AM Response to Reply #2 |
5. Nope, they're Obama supporters. |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Tue Jul-17-07 09:51 AM Response to Reply #1 |
3. oh yeah it isn't even a gray area, it's definitely income |
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Hosnon (1000+ posts) Send PM | Profile | Ignore | Tue Jul-17-07 10:05 AM Response to Reply #3 |
7. Rule of Thumb: If you have to ask, it is considered income. NT. |
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freethought (1000+ posts) Send PM | Profile | Ignore | Tue Jul-17-07 09:52 AM Response to Original message |
4. It might be. An accountant would be a person to talk to. |
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trof (1000+ posts) Send PM | Profile | Ignore | Tue Jul-17-07 09:55 AM Response to Reply #4 |
6. They will talk to CPA. 'Gift' might work though. |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Tue Jul-17-07 11:03 AM Response to Reply #6 |
9. Gift limit now is around 12K a year. n/t |
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freethought (1000+ posts) Send PM | Profile | Ignore | Tue Jul-17-07 11:16 AM Response to Reply #9 |
10. Risky though. |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Tue Jul-17-07 11:19 AM Response to Reply #10 |
11. I wasn't recommending it, just providing info. n/t |
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Throwing Stones (730 posts) Send PM | Profile | Ignore | Tue Jul-17-07 10:18 AM Response to Original message |
8. Is this something your S-I-L intends to do long term? |
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judaspriestess (1000+ posts) Send PM | Profile | Ignore | Tue Jul-17-07 12:15 PM Response to Original message |
12. how would anyone find out? |
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DU AdBot (1000+ posts) | Sat May 11th 2024, 08:49 AM Response to Original message |
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