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Personal Finance and Investing

PJMcK

(23,117 posts)

5. Ask an accountant or a lawyer

Reply to 3Hotdogs (Original post)

Fri Sep 2, 2022, 06:47 AM

Sep 2022

You'll get informed information.

On an internet chat board, you have no idea of the quality of any advice.

Incidentally, we're sub-letting our apartment (legally) and we intend to declare the rent as taxable income. Why take chances?

Good luck!

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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