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Old 04-01-2008, 05:33 PM
Phil Marti
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Default Re: Home Sweet Home

"EJP907" wrote:

- quote -

> My Mother passed away in 2006 , and on the deed to her home had my name
> and my sisters name- (no other children). My niece , now lives in my
> Mother's home and is paying us $300.00 a month. Since I no longer
> work,would my sister have to file this rent money on her income taxes or
> , would we both have to file? I"am on ss-disability and my sister is
> still working. Can or will I have to file this money?


Each of you reports half the income and half the expenses. See IRS
Publication 527.

- quote -

> Can you be on SS-Disability and still have rental property?

Yes. www.ssa.gov.

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #-1  
Old 04-01-2008, 04:21 PM
EJP907
Guest
 
Posts: n/a
Default Home Sweet Home

My Mother passed away in 2006 , and on the deed to her home had my name
and my sisters name- (no other children). My niece , now lives in my
Mother's home and is paying us $300.00 a month. Since I no longer
work,would my sister have to file this rent money on her income taxes or
, would we both have to file? I"am on ss-disability and my sister is
still working. Can or will I have to file this money?

Can you be on SS-Disability and still have rental property?

Thanks For Your Help,

EJP907

MAY THIS DAY BRING MANY BLESSINGS TO YOU

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 

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