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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?

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[–] • 2 pts

Maybe make them a personal loan, they never repay it,you write it off as bad debt. I’m not a tax accountant tho, you should find a good one.

[–] • 1 pt

This will generate taxable income for them. Bad idea