First of all, when you ask if the IRS would get suspicious, I guess the real question here is what could they be suspicious of? There is nothing whatsoever illegal about what you are proposing to do. And I am quite confident that there are other people in this country who find themselves in a similar situation, or even purposely put themselves in a situation, where the foreign gifts they receive do not exceed the annual threshold of $100,000 and therefore they do not need to be reported.
You will be claiming your mortage interest as a deduction
when you file your taxes
, but the amounts you have listed of $11.5k, $6k and even less in the third year are not all that uncommon. There are many people in the US who have house payments which greatly exceed this amount, and so the deductions
for the interest will not particularly raise any flags. And as I said earlier, it would not really matter, because what you are proposing to do is perfectly legal.
I would not plan to do anything differently than what you have proposed. Even if the IRS were to ever select you for a random audit, just presenting the facts that you received $70,000 each year as a gift is a perfectly viable thing to do.
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Thank you groundround, and good luck on the purchase of your new home.