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Deductions & credits
@perklabs - personally, I would not worry about it. In the HIGHLY unlikely scenario that you are asked by the IRS, you will have good records to prove that this was a mutual living situation. Frankly, the IRS has more things to worry about that items such as this - they remain understaffed.
can you provide a link to what you are referring to? I wasn't aware that the federal goverenment moved ahead with this proposal. Certainly a single deposit of $10,000 is reported by the banks and that has gone on for years.
‎June 15, 2023
8:00 PM