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Posted by Phil Marti on April 1, 2008, 1:33 pm
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"EJP907" wrote:
> 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?
Each of you reports half the income and half the expenses. See IRS
Publication 527.
> Can you be on SS-Disability and still have rental property?
Yes. www.ssa.gov.
--
Phil Marti
Clarksburg, MD
--
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