Updated over 5 years ago on . Most recent reply
Advice for handling 2nd home
We own a home in Texas and also our personal residence is in Tennessee. If I let my son live in the Texas home to take care of it in lieu of rent...can I draw up a lease between us? We will be financially maintaining the Texas home but he will be responsible for the utilities so will I be able to get any tax advantages for the repairs? We want to protect ourself. Do you have any suggestions.