Go to Jeff Salisbury LWGate Home Page.From: jmetz@slonet.org (JMetz)
Subject: Homeless Sister Deductions?
Date: Sun, 06 Dec 1998 12:58:37 GMT
Previous Article (by Author): Re: bi weekly mortgage payment g.barham@juno.com (Gina J. Barham)
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I allow my homeless sister to live on my property in a trailer. Since
I contribute more than half of her living expenses I claim her as an
exemption on my income taxes. She also helps me in my home-based
business for which she receives no monetary compensation. Since I can
recieve up to $10K deduction for gifts to relatives, would the IRS
allow that in lieu of my actually paying her for her help in my
business? What I'm really trying to get is the exemption and deduction
together. Is that possible? Thanks.
Entrepreneur, vivant, plumber, musician, chef, carpenter, electrician, gardener, psychologist, historian,teacher, provider, mechanic, nurse,chauffer,repairman, friend, enabler, masseur,
babysitter, chemist, dishwasher, ameliorator, husband, father
-just a few things I do. jmetz@slonet.org
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Previous Article (by Author): Re: bi weekly mortgage payment g.barham@juno.com (Gina J. Barham)
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