myrtcpa

He didn't buy the home from the recipient. He had an undeveloped lot that he built a house on - moved into for new personal residence. The family friend lent him the $$ for the construction. I was able to get the name, address and ssn of the lender (friend), so I am going to play it safe and put it on schedule A. Thanks

Client received mortgage from a friend of the family. Market rate, but much more lenient to get the $$, than the traditional bank paperwork and % of completion. I read on the Sch A instructions for line 11: "If you bought your home from the recipient, be sure to show that recipient's name, identifying number, and address on the dotted lines next to line 11. Is this situation correct for my client? - did he "buy the home from the recipient?" Thanks in advance for any help.