Skip to content
Personal Finance

User Stats

4
Posts
0
Votes
Vincent Z.
  • Framingham, MA
0
Votes |
4
Posts

Can I claim my dad's property income on my tax return?

Vincent Z.
  • Framingham, MA
Posted Jan 15 2015, 03:49

My dad just purchased a 2 unit property and everything (mortgage, deed) is under his name. He is letting me completely handle the management of the property, finding tenants, collecting rents, etc.

My question is can I claim the rental income on my tax return even though I do not own the property? I currently do not have a W-2 job so I would like to report this as income in order to qualify for a loan later on. 

Loading replies...