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Deductions & credits
Thank you - I don't want to skirt any tax issues. Can I loan my FIL $10k and my MIL $10k? There is no reporting necessary in that case, correct? Then, when they sell their house, they could gift us $20k back in total... $10k from FIL and $10k from MIL? Or, would that still raise red flags?
May 6, 2024
10:21 AM