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If my daughter lives with me and pays part of my home mortgage do I need to report the payments as income?
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posted
August 19, 2023
6:44 AM
last updated
August 19, 2023
6:44 AM
2 Replies
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If my daughter lives with me and pays part of my home mortgage do I need to report the payments as income?
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.
August 19, 2023
6:56 AM
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If my daughter lives with me and pays part of my home mortgage do I need to report the payments as income?
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.
August 19, 2023
7:44 AM
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