My husband and my mom and I have lived together in the same home since 1979. At first my mom paid most of the bills. For the last few years we have paid for everything. We are probably going to sell in about 6 months and I need to know 2 things. One: do we have to show a 50 50 split on our government report? Two: Mom is looking at HUD housing and with the (supposed) profit from selling the house and the small social security and pension she collects, she would be about 0 too high to qualify for Hud housing. Since my husband has been paying all of the mortgage payment and bills for several years (even though the names on the title are mine and my mom's), does she have to show an increase in her tiny income?
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Where my HOME is there are no STICK built homes to so called gating it.. And yes we can use our rent on our taxes just like you can use your intrest payments. When I said to come by one of the parks that did not mean just DRIVE by, .... I will pay taxes, but I should get the SAME tax break from the IRS and the banks then. I also should be treated with respect and not white trash. As with the expensive houses we have good people mixed with bad. Do you really believe that ...
(as long as it follows the old school rules that go out in hand books every school year)......both my teenagers are in high school and they are good kids........and I have a very big problem with the high schools trying too take the EASY WAY ...... The schools need to go back to concentrating on education (then maybe they might do a better job of it) and not get into the realm of parenting. We can feel bad all we want for the kids with bad parents or no parents at all, ...
Definately question a certified tax attorney.