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Thank you for your responses. I hope it's okay to ask follow up questions. While the auditor may choose not to accept it, I assume showing the receipt/statement of my wife's withdrawal and that of my deposit would be as much as I could do in that example. They would probably be hard pressed to accept it if the transactions are a year apart though.
In the case of loaning money and redepositing it when I get paid back, would a signed letter from the other person serve as evidence that I didn't receive that money as income? The problem I see in proving this is with the authenticity of that letter. Is there anything else that would substantiate my claim here?
I'm jyst trying to cover my bases, should I ever be selected for an audit.
In the case of loaning money and redepositing it when I get paid back, would a signed letter from the other person serve as evidence that I didn't receive that money as income? The problem I see in proving this is with the authenticity of that letter. Is there anything else that would substantiate my claim here?
I'm jyst trying to cover my bases, should I ever be selected for an audit.
‎June 6, 2019
1:46 AM