asked

I am being audited for expenses and have a promissory note with my brother-in-law attesting that I borrowed money and paid it back in installments. I do not want to involve my brother-in-law in the audit. Does this promissory note put him in jeopardy of being audited? Additionally, I borrowed money from a non-US citizen lender, used it to buy an apartment, and then repaid the lender with a bank loan. Do either of us need to worry about submitting this promissory note to the IRS for a mail-audit?

January 31st, 2024

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