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vorpahljd
New Member

My wife and I purchased a second home. Can our 2 sons, who are not our dependents, live there rent free without any tax consequences to us?

 
1 Reply
Hal_Al
Level 15

My wife and I purchased a second home. Can our 2 sons, who are not our dependents, live there rent free without any tax consequences to us?

Yes. You simply have a 2nd home that you are letting family members use. You may deduct the mortgage interest and real estate taxes.

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