turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

ktasson
New Member

If I (an adult) moved in with my parent and directly pay their mortgage to the bank while they cover all utilities, does this count as renting from them?

My husband and I left our apartment and moved in with my father-in-law to help cover his monthly household expenses. I pay the mortgage directly to the bank from my checking account each month while my father-in-law covers all other expenses. The house and mortgage and utilities are all in his name. Does this qualify as renting for tax credit purposes?
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

If I (an adult) moved in with my parent and directly pay their mortgage to the bank while they cover all utilities, does this count as renting from them?

No. You are just cost sharing. 

If I (an adult) moved in with my parent and directly pay their mortgage to the bank while they cover all utilities, does this count as renting from them?

No.   None of that gets entered on a tax return.  Family cost sharing is not entered on your tax return.  

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

If I (an adult) moved in with my parent and directly pay their mortgage to the bank while they cover all utilities, does this count as renting from them?

While it could technically be reported by the father-in-law as rental income on his tax return, there is no benefit to doing this in most cases, and there can be significant drawbacks.  

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies