Rent Free
What is the name of your state? North Carolina
I may purchase, a condo, ( Intend to pay Cash) (Deed) would be in my name, my daughter & her family would live in the condo,(Rent Free)
My question:
Would this be considered a (gift) to my daughter, from me, by the IRS for the amount of the purchase of the condo? by not charging rent.
Thanks,
What is the name of your state? North Carolina
I may purchase, a condo, ( Intend to pay Cash) (Deed) would be in my name, my daughter & her family would live in the condo,(Rent Free)
My question:
Would this be considered a (gift) to my daughter, from me, by the IRS for the amount of the purchase of the condo? by not charging rent.
Thanks,
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