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ktklinger
April 10, 2025
Question

Is it mandatory to list a home as a rental if I have family living in it and paying the mortgage?

  • April 10, 2025
  • 1 reply
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My family live in my house. They pay the expenses and the monthly mortgage. I don't make a profit. Is it mandatory that i list this as a rental?

    1 reply

    KrisD15
    KrisD15
    April 10, 2025

    No, but you cannot claim the mortgage interest or property tax paid on that property as a deduction and they cannot claim any tax breaks on the house, such as claiming a home office. 

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