Is my house a rental even if I don't charge rent?
September 10, 2003
From: Mike
Date: Fri, 01 Aug 2003
I own a house in California. I have been renting it out since 1987, but for the last 3 years I have let my daughter and grandson live in it at no cost because of a hardship they are going through. My question is whether it is still considered a rental home even though I am not charging them for rend and she is my daughter.
Answer
Date: Fri, 29 Aug 2003
Hello Mike,
Probably not.
Good luck!
Mike Gray
We have more answers to frequently asked real estate tax questions! We also offer up-to-date information about new tax real estate tax developments in Michael Gray, CPA's Real Estate Tax Letter.
Home Real Estate Taxletter Introducing Our Firm Articles FAQ Need Help? Other Resources
Michael Gray, CPA
2482 Wooding Ct.
San Jose,
CA
95128
(408) 918-3162
FAX: (408) 938-0610
email: mgray@taxtrimmers.com
Hours: 8am - 5pm PDT Monday - Friday
Connect on LinkedIn
Our Blog
© 2024