What is the name of your state (only U.S. law)? California
My landlord is a condo owner who asks me for rent informally. I work from home so I will be claiming a home office deduction. What I want to know is the following:
We don't have a rental agreement so is that a problem?
My landlord said if I want he can give me a written receipt for collection of rents each month. Nothing overly complex. Is this good enough or a potentially serious problem? I am thinking of printing out some receipts worded to the effect of "Payment of $XXX in rents for period of August 1 to August 30, 2008, from AD1985 to Landlord"
Thanks
My landlord is a condo owner who asks me for rent informally. I work from home so I will be claiming a home office deduction. What I want to know is the following:
We don't have a rental agreement so is that a problem?
My landlord said if I want he can give me a written receipt for collection of rents each month. Nothing overly complex. Is this good enough or a potentially serious problem? I am thinking of printing out some receipts worded to the effect of "Payment of $XXX in rents for period of August 1 to August 30, 2008, from AD1985 to Landlord"
Thanks