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New Member
posted Oct 30, 2019 8:06:09 PM

Are we required to claim as income, rent from a condo we own in which our daughter lives if the rent is less than the monthly mortgage payments?

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1 Best answer
Level 13
Oct 30, 2019 8:06:10 PM

If your daughter is not paying fair market value for rent, you do not need to report the payments on your income tax return.

1 Replies
Level 13
Oct 30, 2019 8:06:10 PM

If your daughter is not paying fair market value for rent, you do not need to report the payments on your income tax return.