You'll need to sign in or create an account to connect with an expert.
No, you do not report the payments as income on your tax return. This is family members sharing expenses and is never reported on a tax return.
I concur with @DoninGA, 100%, but just wanted to add that your daughter should be paying you and then you should be making 100% of your mortgage payment to the lender (as opposed to your daughter making a partial payment directly to the lender). This should be clear and obvious, but stranger things have happened.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
geejudie
New Member
Jmac14
New Member
nala999
Returning Member
Kelpask
New Member
Scrouch96
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.