Patricia P. asked
Buying a house with my fiancé and we are not yet married. The loan is in my name only because I have a higher credit score. My fiancé wants to contribute to the down payment, and the finance company requires a Gift Letter stating she is giving me the money for the house. Does her contribution count as income for me that is subject to income tax?
February 8th, 2024
Bobby S. answered
Her contribution to the down payment does not count as income for you and is not subject to income t...
February 8th, 2024
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