If you can not show that a deposit to your business account was a transfer, gift, loan or other nontaxable income it will be assumed that it was business income of some kind regardless of what you put on an income statement.It is not uncommon for small business owners to use personal accounts to pay business expenses.

Dear Bigger Pockets Members,   My relative, who lives in Turkey and is very old is considering giving me a gift of several million dollars before she passes away.

I turned over ALL of my profits to her as a gift.

One is just giving a gift card in December no matter how long they have been with us or if they are current on rent.

I know that gift money can not qualified as a source of fund for the purchase of the investment property to be financed.My questions are:1. if I were to buy the property for cash.

Then stack a further discount by buying discounted gift cards from a site like raise.com.  

The landlord is elderly and he’s gifting the property to his son, who is looking to sell.

*Tip: Rebate program is based upon purchases made with pre-registered credit/debit/gift cards, so if you have others make purchases for you (or give your subs gift cards), considering buying gift cards, register them and earn the rebate.

You will need to have 3 months worth of reserves in your bank during closing also (can be gifted from relative).

Or is it best if she "gifts" me her 1/3rd portion and I can make a side agreement with her to pay her off over time?