TMFTaxes, I'm just curious and I'm just thinking out loud and this does not apply in any way to me, but could Cal give his mom $10,000, some of which she pays back to him as fair market rent?This sounds fishy, but suppose there is a different scenario in which I have a tenant who is paying me fair market rent, and then I decide she is my sweet patootie and give her $10,000? At the end of the year the financials in the two cases are the same. (Sweet Patootie has to keep paying rent, I'm not Santa Claus.)
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