- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
I don't know what your hesitation is ... you have a home that a family member will live in ... no rent is required. This is not reported on an income tax return even if they help to pay some of the holding costs or utilities.
Then if you get gifts from anyone in any amount this is not an income tax situation. If the giver gives more than $16K per year to any one person then the giver needs to file a gift tax return.
‎June 5, 2023
5:23 AM