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Money exchanged between married couples is not income to either one. For example, a stay-at-home mom or dad would depend on the other spouse to give them expenses. That does not make it income to the stay-at-home dad or mom.Your loan officer should guide you through that maze. There are a lot of disclosures required on form 1003.Raheel Shahzad, Attorney, CPA, Real Estate AgentChicago, IL
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