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Investors & landlords
If my daughter rents my home at below fair market value, and I come and stay with them four days a month, because I have doctor visits, etc., Would this be considered a second home and not a rental property? All of my furnishings, will still be in the house. Do I have to claim the amount they pay for utilities and rent as income?
I’m going to sell it in five years anyways after my grandson, graduates high school.
January 11, 2024
3:37 PM