CR43
Level 2

Investors & landlords

No, my sig other did not claim these monies as expenses.  It's kind of a weird situation.  I did not file taxes in 2018 because my SS was just under $13,000 per year.  I did have a small LLC that operated at a loss that year so I asked one of my kids if they wanted me to put them on the LLC and claim the loss.  They did.  It made the small amount of income put them in a higher income bracket and the IRS audited them.  The agreement was that I would take the LLC "back" claim the income and file the taxes, which I did.  I had another 20K in income from my small business and I filed proper taxes on it.  They wanted me to prove my income so I provided them with the only thing I had with income on it and that was my bank statement.  There's nothing to hide, I paid them 900 in taxes but now they want me to go through the entire 2018 bank statement and justify every expense and every income.  I just feel that if they are picking on someone who made so little money, perhaps I should knock a little of the income off.  Originally, I just added all the deposits and put that down as income but as I go through my statement, I see that my significant other gave me approx 400 a month as part of the expenses for the household and I also loaned kids money and they repaid it over that year so that's not income either.  I'm hoping when I'm done, they will owe me.  The Bas*&%ds should pick on someone who makes enough to live on not some 76 year old who is still working and trying to make ends meet.