Parent gives the rent-free use of the family beach house to adult child. What are the gift
Fantastic news! We've Found the answer you've been seeking!
Question:
a. Child personally uses the beach house?
b. Child rents the beach house to a tenant?
Would your answers depend on whether parent regularly rented the property or used it for personal use?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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