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Old 07-11-2017, 02:33 PM
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Question about rental income received

Hello,
My husband and I own a two family home. We live in one unit and rent the other unit. My mother just sold her home and is going to be moving into our rental unit. Instead of paying us rent monthly she is going to be giving us the proceeds from her sale. It will probably cover almost 8-10 years of rent. How do we claim on our taxes?
Any advice is greatly appreciated!
Thank you!



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