No, you cannot offset assets with debt. For question 90, you enter the amount in their savings and checking account, and the amount of cash they have in their wallets on the day you file. It is fine to pay bills before you answer the question.
No, you cannot offset assets with debt. For question 90, you enter the amount in their savings and checking account, and the amount of cash they have in their wallets on the day you file. It is fine to pay bills before you answer the question.