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Results tagged with family
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user 2998
For questions relating to personal finance issues within families, e.g. parental benefits, marital finances, cost-sharing, etc.
2
votes
Can I avoid gift tax by gifting only a portion of a home to a parent instead of the whole va...
I understand if she lives there, without paying fair market rent, that’s considered a gift that I would have to report (assuming fair market rent exceeds 15,000/year).
There's no "deemed rent" rule …
- 185k
3
votes
Accepted
Can Per Diem deductions include family travel, meals and housing?
You cannot deduct anything. Since you're actually moving, your tax home will move with you.
You can only deduct the moving expenses (actual moving - packing, shipping, and hotels while you drive your …
- 185k
2
votes
How do auto-loan payments factor into taxes for cars that are solely used by dependent(s)?
I don't see how allowing usage of your vehicle is less support than giving money to buy their own vehicle. If that's the only vehicle your mother has - then you're supporting her. Quantifying that sup …
- 185k
82
votes
Accepted
I am considering leasing a new car for my ex-wife. What can go wrong?
Everything on Earth can go wrong. Including, god forbids, your MIL being hit by a bus the next day and your ex inheriting all of her belongings and none of her promises to you.
This is a bad idea.
W …
- 185k
15
votes
Accepted
Buying a home with down payment from family as a "loan"
BTW: Suggestion: it's a bad idea to mix business and friend/family you don't want to lose. …
- 6,981