Home expenses
My mother-in-law owns the house we live in. We pay her monthly, however she doesn't have our home listed as a rental with the city. We will ultimately be purchasing the house from her, like a land contract. Am I able to write off the "rent" we pay her on our taxes?
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In Canada I know the answer is no cause we have a similar situation. Because my in laws don't claim the rent and put it towards the house we can't use the rent as a write off. It would utametly me there taxa up cause then there not claiming income. But it's a better deal for us. I can claim a portion of the electric heating and water if bills are in my name.
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rent
Originally Posted by yodaone: |
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