Active Participant - Rental Property

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

posted

Connect with an expert

1 Best answer

Accepted Solutions

Yes, as long as you rent to him at fair market value.

1 Reply

Yes, as long as you rent to him at fair market value.

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.