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Rental properties are now occupied by children with the intent to purchase. All rent goes toward mortgage, etc. No profit is being made. Do we have to claim income?
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June 1, 2019
3:22 PM
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Investors & landlords
There is no straigtforward answer as it may vary with how the individual has set it up. Whether it ends up being a sale via an installment agreement or rent, the income is reportable.
June 1, 2019
3:22 PM