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If the bank is equating gross income stated on your tax return with total cash in, you probably shouldn't be dealing with them anyway. OTOH, if you've been understating your taxable income because of a taxable return of capital, don't blame TT, look in the mirror.


1) Banks & mortgage companies under the new rules will only look at your tax return Schedule E in this case is the k1 if you do not show the section 19A as going anywhere else on the k1 then it looks like it went off into air. This showing you got the money but failed to show where is went or came from.
2) yes the final blame rests with the person reviewing the tax return.
3) what is OTOH? and yes I can be dense sometimes.
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