@1209romanova-gma wrote:
One opinion was I can treat it as a gift. Amount of rent as a gift.
You cannot rent to them if they do not have income or have anything of value to pay you fair rental value for the use of the property.
If you consider the fair rental value as a gift from you to your parents, then you are simply back to square one; the house is treated as a second home for federal income tax purposes.
