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Tweeted twitter.com/StackFinance/status/992665549250408448
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RonJohn
RonJohn
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This is for California, USA

My MIL is living with us these days and we do not actually charge her for any rent. She has a small business that has sporadically yields some income. She insists on paying us with that money as my wife is paying for the mortgage on a house (separate from the one we all live in, which is owned by me) they (wife and MIL) own jointly. The amount would be between 10k to 15k a year.

How does this work in terms of taxes? Do we need to report the money MIL gave us as "rent" money?

This is for California, USA

My MIL is living with us these days and we do not actually charge her for any rent. She has a small business that has sporadically yields some income. She insists on paying us with that money as my wife is paying for the mortgage on a house they (wife and MIL) own jointly. The amount would be between 10k to 15k a year.

How does this work in terms of taxes? Do we need to report the money MIL gave us as "rent" money?

This is for California, USA

My MIL is living with us these days and we do not actually charge her for any rent. She has a small business that has sporadically yields some income. She insists on paying us with that money as my wife is paying for the mortgage on a house (separate from the one we all live in, which is owned by me) they (wife and MIL) own jointly. The amount would be between 10k to 15k a year.

How does this work in terms of taxes? Do we need to report the money MIL gave us as "rent" money?

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mhoran_psprep
mhoran_psprep
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tom
tom
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This is for California, USA

My MIL is living with us these days and we do not actually charge her for any rent. She has a small business that has sporadically yields some income. She insists on paying us with that money as my wife is paying for the mortgage on a house they (wife and MIL) own jointly. The amount would be between 10k to 15k a year.

How does this work in terms of taxes? Do we need to report the money MIL gave us as "rent" money?

My MIL is living with us these days and we do not actually charge her for any rent. She has a small business that has sporadically yields some income. She insists on paying us with that money as my wife is paying for the mortgage on a house they (wife and MIL) own jointly. The amount would be between 10k to 15k a year.

How does this work in terms of taxes? Do we need to report the money MIL gave us as "rent" money?

This is for California, USA

My MIL is living with us these days and we do not actually charge her for any rent. She has a small business that has sporadically yields some income. She insists on paying us with that money as my wife is paying for the mortgage on a house they (wife and MIL) own jointly. The amount would be between 10k to 15k a year.

How does this work in terms of taxes? Do we need to report the money MIL gave us as "rent" money?

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tom
tom
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