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For questions relating to personal finance issues within families, e.g. parental benefits, marital finances, cost-sharing, etc.
27
votes
Should a sibling pay rent to another sibling on a jointly owned house?
It's tricky when multiple parties own a house, contribute to the upkeep unequally, and enjoy the benefits of owning the house unequally. I agree with both of you to some extent. She should get some co …
7
votes
Accepted
Adult sibling - dependant or tenant?
In either of the first two scenarios where you charge rent, the rent is taxable income, but you can offset it with the portion of expenses related to the space being rented, up to the amount of rent r …
5
votes
Accepted
Taking Care of Family
Not sure what the best strategy is there, every family is different when it comes to dealing with finances. …
73
votes
Accepted
Should I pay myself back for paying family's rent out of our pool of money?
Your family should understand that you are carrying $1,500 in extra debt due to this expenditure. …