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Send 2 checks 1) Gift of $15k - tax free 2) Remainder of mortgage - they would have to claim it as a consulting fee on their W2s.

Might trigger audit?

Send 2 checks 1) Gift of $15k - tax free 2) Remainder of mortgage - they would have to claim it as a consulting fee on their W2s. Might trigger audit?

(post is archived)

[–] 1 pt

If there are multiple members off the household, you could write each a check for the maximum tax free amount, I believe. Alternatively you could gift it to another individual, who could then gift it to that family member, though there may be consequences if you’re found out on that one.

Either way, I would double check my suggestion.