dhoyt
Level 4
03-11-2021
12:19 PM
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Yikes! What a nightmare. In this case the taxpayer swears all of the money he received was put into the house. If he gets audited of course he will have to prove that. The decision to deduct the mortgage interest of course is his so if he chooses to do so I will inform him of and make sure he has records to prove everything and trace the money if the IRS makes him do so