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Investors & landlords
The biggest issue with this, is that the IRS can audit you up to 10 years back. So if that happens and you end up owing the IRS (and you would) then late fees, taxes, fines and penalties will also be added to what you owe and will most likely do far more than wipe out any "gains" you may see by doing it your way.
‎June 6, 2019
5:13 AM