- Thread starter
- #4
Sorry. There wasn't a link. I was just trying to emphasize the deferred payment loan thing- a loan that I don't have to pay as long as I meet their requirements. The city isn't asking for a ss# or any tax info. I've asked time and time again about tax payments and they say they aren't reporting anything to the IRS and there's nothing to it. It seems like there should be more. They have no additional info because I'm the first one for the program. Unfortunately, or furtunately, the city hands out money to people for facade programs, etc all the time and I don't know how to treat the money. Income because I am not actually paying on the loan? I didn't know if anyone was familiar with the federal Home Funds programs because that's the program they're following on a city level. It just seems if I deposit $40k into my bank account there would be questions. Maybe I'm making more into this but it seems that an extra $40k would need some explaining... It seems questionable and I just don't know. Thank you though!
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