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Assisting child with their housing
Hi, I send monthly checks to my child's landlord to help wit their housing costs. They file their own taxes and are not my dependent. Can I enter this contribution on my 1040?
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June 6, 2019
6:47 AM
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Deductions & credits
Money you are giving your child to help with rent is a gift to your child. Gifts to individuals are not deductible, nor are they taxable to the person who receives the gift.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
June 6, 2019
6:47 AM