- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
The IRS makes the determination. However, when a child is paying "their share" of the expenses and you are not trying to make a profit, this is not considered rent. This is simply cost sharing. As you mentioned in your post, this is simply reimbursement for expenses.
If you were trying to make a profit or charging her a Fair Market Rent based on the rent you could get in the area and NOT on the cost of total expenses for your home, then yes, it would be a rental. How it is listed on the SSA form does not determine how it is treated.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 27, 2025
7:11 AM