I’m trying to determine if I can claim my mother as a dependent, and am using this “Worksheet for Determining Support” from irs.gov:
https://apps.irs.gov/app/vita/content/globalmedia/teacher/worksheet_for_determining_support_4012.pdf
My mother and I share a house, where she has Lifetime Use, and I am one of two remaindermen, the other does not live in the house. Line (21) of the worksheet asks about the owner of the home, and I’m not clear on how to break down the values.
Let’s assume the yearly rental value is $10,000. But, because she has “Lifetime Use”, does the IRS consider her a partial owner based upon her age (86) and some actuarial tables?
[ irs.gov Worksheeet for Determining Support]
…
(6) Lodging (complete line 6a or 6b):
(a) Enter the total rent paid
(b) Enter the fair rental value of the home. If the person you supported owned the home, also include this amount in line 21
…
(21) Enter the amount from line 2, plus the amount from line 6b if the person you supported owned the home.
