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If my wife gives me money to help with mortgage, is this income?
We both own the house. The mortgage is ONLY in her name. I pay the mortgage from my bank account every month.
She transfers her money (usually half of the bill) to me via PayPal, and then I make one payment to our mortgage company.
Since she pays me in one transaction, and then I pay the mortgage, is her payment to me considered income? Or is this considered common cost sharing?
Thanks
She transfers her money (usually half of the bill) to me via PayPal, and then I make one payment to our mortgage company.
Since she pays me in one transaction, and then I pay the mortgage, is her payment to me considered income? Or is this considered common cost sharing?
Thanks
‎November 2, 2018
6:34 AM