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re: To deduct or not to deduct, that is the question.
Posted on 12/15/15 at 11:16 am to krehn11
Posted on 12/15/15 at 11:16 am to krehn11
quote:
I am not an expert but to me this sounds like some sort of fraud?
Why would it be fraudulent? OP would just not take deductions he's legally entitled to. I agree with the above poster -- there's no way I'd eat a year's worth of deductions.
quote:
You are artificially inflating your income in order to qualify for a loan.
He isn't. His net income is his net income. He can choose whether or not he wants to reduce that via deductions if he wants to.
This post was edited on 12/15/15 at 11:18 am
2
Posted on 12/15/15 at 11:17 am to TheOcean
quote:
Why would it be fraudulent?
He's artificially inflating his income to a lender to qualify for a loan.
Posted on 12/15/15 at 11:18 am to TheOcean
quote:
His net income is his net income
But that's not his true net income.
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