Hi,
I haven't received ITA, but hoping to get it soon. I am doing my POF requirements.
I am a single guy who will require $12,475 for POF. My father has taken a loan for about $13000 and given to me. I am hoping to make this work if I can prove it as a gift deed. I have total of over $14000 in my account including my savings.
Transaction is done like this: My father's loan account-->His savings account-->My savings account. This is to prove that the money came from my father's savings.
As long as the person verifying cannot check my father's account, this will work right ? Is it possible for them to check where my father got the money from ?
I haven't received ITA, but hoping to get it soon. I am doing my POF requirements.
I am a single guy who will require $12,475 for POF. My father has taken a loan for about $13000 and given to me. I am hoping to make this work if I can prove it as a gift deed. I have total of over $14000 in my account including my savings.
Transaction is done like this: My father's loan account-->His savings account-->My savings account. This is to prove that the money came from my father's savings.
As long as the person verifying cannot check my father's account, this will work right ? Is it possible for them to check where my father got the money from ?
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