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Get your taxes done using TurboTax
"I was also told that I must have a letter from the donor.... I will have to pay the taxes."
No, that's not true.
As Critter#2 indicates, if the mortgage company is asking questions, you need to address their concerns (usually that it's really a gift and not a loan). But, it's not taxable to you.
No, that's not true.
As Critter#2 indicates, if the mortgage company is asking questions, you need to address their concerns (usually that it's really a gift and not a loan). But, it's not taxable to you.
May 31, 2019
11:14 AM