Hopefully Mel or someone else can give some advice.
I am receiving a lot of gifted money in my New York State bank account, from one person. I want to somehow claim it on my US taxes as income so I can qualify for a mortgage for a winter condo in Florida.
The payor has exceeded his annual gift allowance but not his lifetime allowance. Everything after the first $24k comes in cash deposits to my account. I don't want to cause him an audit by doing anything wrong. And if he declares the full value of the gift on his returns, it might cause problems at home for him
I am trying to think of a way to claim this as income, and just pay tax on it so it's 'legitimate income' which I can use for a lender.
I was thinking of claiming to be some kind of consultant. If you have any ideas please let me know.
Whats a cash business with no records that a non-resident non-citizen could hypothetically own?




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