Home Sweet Home

Apr 01, 2008 1 Replies

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


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

Yes.

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