I AM DOING A STATED INCOME LOAN TO PURCHASE MY HOUSE, AND WAS WONDERING?

My fiance and I have been shopping a 465K house, and you do a settled income loan. We have been putting down 95k, so which covers the 20%. I settled which I have 90K, and my fiance 35K. She unequivocally does have 35K, but I essentially have more, but many of what I have is in cash. On my taxation earnings from prior years, I have W2s observant which I have around 60K. But I run an online commercial operation and have an additional 60K or so in cash. I am wondering, with a settled income loan display which I state I have 90K, can the IRS someway see what I state, and come after me for income which I done in cash?

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wartz April 3, 2010 at 7:59 am

Your out of whack interest deduction could trigger an audit.

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