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grams
Guest
I live in Ohio. May be selling a home that I own that is occupied by my daughter and son-in-law. (also Ohio) Don't have a clue about how to do this on Tax Return. It is not a rental. They live there and take care of all upkeep, but I do not charge them rent. I pay the Real Estate taxes.
Also I take care of any major improvements. I realize this wouldn't come up until my 2002 return, but if they move, I thought I'd best check into this. I have used my onetime Capitol Gains on another home that I lived in and then sold. I am now living in a Mobile Home.
They have lived in the house for 7 yrs. Don't think of what ever else info. you would need.
Would appreciate any help or suggestions.
Also I take care of any major improvements. I realize this wouldn't come up until my 2002 return, but if they move, I thought I'd best check into this. I have used my onetime Capitol Gains on another home that I lived in and then sold. I am now living in a Mobile Home.
They have lived in the house for 7 yrs. Don't think of what ever else info. you would need.
Would appreciate any help or suggestions.