- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
@Robocop2020 wrote:
....if I was to sign this side agreement, basically for me to receive 0 rent, all rent to go to my dad; would this trigger any income for me in the USA?
That might be problematic since U.S. taxpayers cannot disclaim income which rightfully belongs to them (you are essentially assigning the income to your dad after it is rightfully your income) and not report it as such.
You can, however, disclaim an inheritance and that is likely to have the same effect.
‎October 30, 2020
10:11 AM