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second home for non-profit
I have a second home that is paid off, my daughter lives there and pays the property taxes and insurance. how should I report this? I don't charge her any rent. I bought the house for her after I had sold a rental property that I had inherited. I had to do a 1031 exchange. Now I'd like to convert it to her name and mine. I need to know what I should claimand what forms to fill out for my 2024 taxes and how I can convert it?
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March 21, 2025
4:40 PM