How do I report this? Does he have to claim a portion as well?
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Reading all of the above comments, I cannot but agree with TaxGuyBill -- please seriously consider seeing a professional --- there are too many ands/ifs and buts in this situation. It will cost a bit but better to be correct and compliant with the tax laws.
Reading all of the above comments, I cannot but agree with TaxGuyBill -- please seriously consider seeing a professional --- there are too many ands/ifs and buts in this situation. It will cost a bit but better to be correct and compliant with the tax laws.
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