Tax Rules For Renting to a Relative

It seems like a great idea. A financially stable person wants to help out a struggling family member by offering to rent their property at a bargain rate. Generous, yes. But if you are unaware of the tax consequences, you could find yourself being taxed on the rental income yet having any rental expenses disallowed.

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Today you can find me at Forbes sharing the rules you need to be aware of before renting a home to a relative.

Image: pexels.com

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