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Investors & landlords
My brother and I co own a condo - we pay the mortgage, HOA and Taxes from a joint account (my brother and I) - he gives us money monthly, well below market rate and pretty much just covers these costs. Is this Misc income and reportable? Or because it is personal use and "not for profit" is this not taxable?
‎June 7, 2019
3:41 PM