My mother-in-law lives with us. If she pays part of the mortgage, electricity, etc., is that rent? Does it count as a gift to us and thus we should keep it to the limit

posted

@hellolami it is NOT a gift. A gift is something given and nothing is received in return. In this case, something is received in return - a place to live!

Technically, it is rent income to you.

My mother-in-law lives with us. If she pays part of the mortgage, electricity, etc., is that rent? Does it count as a gift to us and thus we should keep it to the limit

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My mother-in-law lives with us. If she pays part of the mortgage, electricity, etc., is that rent? Does it count as a gift to us and thus we should keep it to the limit

My mother-in-law lives with us. If she pays part of the mortgage, electricity, etc., is that rent? Does it count as a gift to us and thus we should keep it to the limit

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My mother-in-law lives with us. If she pays part of the mortgage, electricity, etc., is that rent? Does it count as a gift to us and thus we should keep it to the limit

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My mother-in-law lives with us. If she pays part of the mortgage, electricity, etc., is that rent? Does it count as a gift to us and thus we should keep it to the limit

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