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New Member
posted Jun 4, 2019 4:46:57 PM

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?

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Level 15
Jun 4, 2019 4:46:58 PM

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