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Personal Finance and Investing

Deuxcents

(20,288 posts)

4. I stayed w/ my sister for a couple of years

Reply to 3Hotdogs (Original post)

Thu Sep 1, 2022, 11:22 PM

Sep 2022

Her husband had a heart attack n they were building a house so I was “property mgr”. I paid my share of property taxes, insurance but no rent..that’s how we decided n for tax time, I filed short form. No problem. Just keep it simple unless her name is on deeds. Worked for us. He’s thankfully recovered n I came back home.

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Tax question. Our step daughter and family may move in with us in October. 2nd floor apartment and [View all] 3Hotdogs Sep 2022 OP

Family is not taxable. Turbineguy Sep 2022 #1

I don't think that's quite right. spooky3 Sep 2022 #2

No. They will be contributing equally to the cost of running the house. There will not be excess 3Hotdogs Sep 2022 #6

You're welcome. I think you'll find the answer in that spooky3 Sep 2022 #8

We will not claim any deductions for operating the house. 3Hotdogs Sep 2022 #7

This is not the place to ask questions like this. euphorb Sep 2022 #3

I stayed w/ my sister for a couple of years Deuxcents Sep 2022 #4

Ask an accountant or a lawyer PJMcK Sep 2022 #5