Looks like my in-laws will be moving in with me shortly. Ya ok no jokes please. They have offered to share expenses across the board, real estate taxes, utilities etc.
What I'm wondering is if part of this sharing of expenses would be considered taxable on my part as I'll be the one that gets the deduction on the real estate taxes.
Read thru some publications but couldn't find out for sure.
No time for whiners, you too Pabs!