I was wondering if I would be considered an Active Participant in the room I rent to my son.
I own 50% of the property.
When repairs are required I make the decisions and I collect the monthly rent.
Not all years require repairs.
Thanks
You'll need to sign in or create an account to connect with an expert.
Yes, as long as you rent to him at fair market value.
Yes, as long as you rent to him at fair market value.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
p8tran
New Member
brett-voice
New Member
n727rh
New Member
ben_mountjoy
Returning Member
speierpm
Level 2