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Can my dependent who lives on my rental income property for his rent, be my property manager
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Can my dependent who lives on my rental income property for his rent, be my property manager
Personal-use days include any days, or a portion thereof, in which the taxpayer or any relatives lived in the home.
The U.S. Tax Code §280A, disallows any loss claimed by parents, if the rental is used by a member of the family and that family member is not paying fair rental value for the apartment.
You are considered to be using the house yourself.
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Can my dependent who lives on my rental income property for his rent, be my property manager
Personal-use days include any days, or a portion thereof, in which the taxpayer or any relatives lived in the home.
The U.S. Tax Code §280A, disallows any loss claimed by parents, if the rental is used by a member of the family and that family member is not paying fair rental value for the apartment.
You are considered to be using the house yourself.
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