Sharing home with adult daughter and her spouse

[Ninakimsey]

My husband and I bought a house. Our adult daughter and son in law live with us. We added their names to the home ownership. They pay half the mortgage to us. The home loan is in our name. Do we claim their money on taxes? 

[Hal_Al · Accepted solution]

Q.  Do we claim their money, as income, on our taxes? 

A. No. You do not have rental or other income producing situation.  It is only family sharing expenses.