megmcginness
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Thank you for the reply! Yes our mortgage is $1305, we effectively are charging two roommates $500 each and our daughter (we cover the difference to meet the mo...
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Thanks for the reply! So, even when she pays the 500$ for those 3 months, the rate for all 3 tennants is still below fair market value (by $150-$200). This was ...
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So yes, it is a second home, and we are charging far less than market value for all 3 students. Even if our daughter 'contributes' $500 for the summer months, i...
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Thank you all who replied. I will take all of this into consideration as we prepare to file.
Activity Feed for megmcginness
- Posted Re: Second home for college student on Deductions & credits. December 27, 2020 6:37 PM
- Posted Re: Second home for college student on Deductions & credits. December 27, 2020 6:33 PM
- Posted Re: Second home for college student on Deductions & credits. December 27, 2020 6:29 PM
- Posted Re: Second home for college student on Deductions & credits. December 27, 2020 6:27 PM
- Posted Second home for college student on Deductions & credits. December 26, 2020 4:04 PM