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No, your stepson is not a related party.
This is the IRS definition of related parties:
No, your stepson is not a related party.
This is the IRS definition of related parties:
While your stepson is not a related party to you, he is a related party to your wife. So my question is, who owns the property? If it's just you then there's no problem. If it's you and your wife then it would appear that he is a related party.
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