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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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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?

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

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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?

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