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Get your taxes done using TurboTax
Yes, you and your son can claim the income in a way that represents your interest in the escrow account. TurboTax will report the $17 to the IRS, but there is no problem - trust me, the IRS handles trillions of dollars daily so they will not search for the $1 which is in line with their rounding.
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March 12, 2025
5:06 PM