Red Flags

How many HUD1 statements can you have in your name before throwing up red flags with the IRS? rolleyes

Comments(5)

  • rcopeland200113th December, 2004

    good question????? wink

  • bgrossnickle13th December, 2004

    Do you think that the IRS gets copies of the HUD1 statements?

    Brenda

  • MTINVGRP13th December, 2004

    Are you asking me the question or are you just putting that out there for everyone. If you are asking me.... that is just something I heard. I could be wrong but I thought it had something to do with labeling the person a dealer!


    Quote:
    On 2004-12-13 17:50, bgrossnickle wrote:
    Do you think that the IRS gets copies of the HUD1 statements?

    Brenda
    [ Edited by MTINVGRP on Date 12/13/2004 ]

  • ceinvests13th December, 2004

    Actually, how does the IRS know about sales?

  • MTINVGRP13th December, 2004

    When you do your taxes for that property. You going to have to claim them.

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