Quote:
Originally Posted by AGDee
So, let me get this straight. If I move in with a man and don't pay him rent, I have to claim that as income??? What if you're an adult child living with your parents? Or a parent living with your child? I've never known anybody who lived with someone without paying rent to claim that as income. Turbo tax never even asks about that.
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Yeah, that doesn't even sound right. In fact, that's a way to get around gift tax. In 2009, we can give up to $13,000 to an individual without any taxes applying. But, you can buy them things, pay their school tuition, pay their rent, etc. and it is NOT included as a gift.
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