Reimbursements
- During the period between the date in 2022 when my 89-year-old father began assisted living and the date in 2022 when he sold his home, he accrued expenses that he could not pay. My sister and I picked up the tab for these expenses—roughly $17,000 for each of us. I kept meticulous records for the amounts I lent him. After the house sold, my father reimbursed us from the proceeds of the sale. The reimbursement amount is NOT income. Is there any reason to report this financial event when I prepare my own taxes for 2022?
‎November 16, 2022
9:09 AM
