Search

What are the rules for renting real estate to a family member?

Does this require an arms length transaction. In other words does the rental funds have to come from the family member to be considered as rental property and a rental transaction?


Related Blogs

One Response to “What are the rules for renting real estate to a family member?”

  • DrB says:

    I don’t understand the circumstances of the question. We can rent to a relative and should have some written rental agreement. If the family member is not going to pay, who is? We can make annual gifts to family members, but what would be the advantage of giving them money to pay us rent? If you provide more than half of the famiy member’s income, I think you could declare them a dependent for tax purposes. Maybe I just don’t know enough to understand your question..

Leave a Reply

Categories