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#1
04-05-2004, 09:29 PM
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 Re: Is this a taxable event (Condo + expenses) Dennis G. Rears wrote: - quote - > I am currently the owner of a condo that is paid off. I
Nope.> might go off on a Militay active duty tour NTE (Not to > exceed) 270 days. I am planning for a friend to take care > of my condo for the 9 months. She would live in the condo > and pay the utilitesand maintance fees (about $600.00 > totall) but not the property taxes. Is this a taxable > event? Tis is in NJ. We just call it "sharing the expenses." Cheer$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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04-05-2004, 08:10 PM
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| Re: Is this a taxable event (Condo + expenses) "Dennis G. Rears" <drears[at]runningpagespam.org> wrote - quote - > I am currently the owner of a condo that is paid off. I
I don't see it as such. Kind of like lending your car to a> might go off on a Militay active duty tour NTE (Not to > exceed) 270 days. I am planning for a friend to take care > of my condo for the 9 months. She would live in the condo > and pay the utilitesand maintance fees (about $600.00 > totall) but not the property taxes. Is this a taxable > event? Tis is in NJ. friend that pays the fuel he uses while driving your car. You're not in the car rental business. -- Paul A. Thomas, CPA Athens, Georgia taxman at negia.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
04-02-2004, 09:42 PM
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| Is this a taxable event (Condo + expenses) I am currently the owner of a condo that is paid off. I might go off on a Militay active duty tour NTE (Not to exceed) 270 days. I am planning for a friend to take care of my condo for the 9 months. She would live in the condo and pay the utilitesand maintance fees (about $600.00 totall) but not the property taxes. Is this a taxable event? Tis is in NJ. dennis << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| condo, event, expenses, taxable |
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