So if I am living in the home and paying the mortgage (that he will not be able to afford) he will not be flagged for audit or penalized?
The amount is slightly over 13k
I think the issue may arrize when his tax return is filed and he shows a low income but is claiming credit for his mortgage tax etc
no I would be moving in next month.
Ok. I Just didn't want him to have to claim it as rent income and pay additional taxs. I'm assuming then he would not. If his income is below 16k then your saying he wouldn't itemize and therfore it wouldn't be an issue