Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 10-22-2013, 01:15 PM
Junior Member
 
Join Date: Oct 2013
Posts: 2
Caregiver exemption subletting

Hi,

Thank you for taking the time to read this.

I am living in my mothers house in Massachusetts. I am on SSDI. I took care of my mother, who is now in a nursing home. Medicaid allowed the caregiver exemption that lets me stay in her house, pay all the bills (mortgage, taxes, utilities...) and keep her house out of the assets that Medicaid takes when someone goes into a nursing home.

I need to have someone move in to share expenses.

1. Is that taxable income?
2. If so, in what category?
3. Is there a limit on what I can take in, below the cost of the total household expenses?

Any additional information, tips or suggestions would also be appreciated.

Thank you again.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Tax exemption for the family of a permament resident Rowell Tax Credit 0 01-09-2013 07:54 PM
Tax exemption for working overseas, but now laid off. PLEASE HELP Bigjakesrq Income 1 11-12-2010 09:21 PM
Increase Personal Tax Exemption? UrbanGuySF Miscellaneous 0 05-19-2010 11:57 AM
Foreign Tax exemption question BWaller Income 1 01-25-2009 10:17 PM
Dependent Exemption appletango Filing Requirements 1 01-18-2007 12:08 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.