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- Rental Expenses when renter is a family member?
Rental Expenses when renter is a family member?
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SensibleandHour
Level 8
04-07-2024
07:50 AM
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Hello Community,
My customer's mother had a debilitating stroke which necessitated a permanent move into her son's home. She does pay rent, and they have the documentation for that. Would he be eligible for a portion of any of the home expenses in that situation as a rental income expense? Or not, since she is family?
Thank you,
Dawn
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2 Comments 2
dascpa
Level 11
04-07-2024
08:13 AM
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Relationship matters if it's non-FMV rent. If it is FMV rent then it is treated as any other normal rental of a portion of a home. The landlord should have a lease. If the mom cannot sign then the POA should sign. Many people rent out a room or rooms to others so it is not uncommon. Just make sure all is above-board.
sjrcpa
Level 15
04-07-2024
12:34 PM
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If she had a debilitating stroke, she probably is not having exclusive use of part of the home. Family is taking care of her.
Expenses for use of common areas are not deductible.
The more I know, the more I don't know.
