TMFTaxes writes (in part):You could spin the issue in any number of ways. You might say that the funds paid to you are a "gift", and therefore not taxable. But the fact is that you have an agreement for her to pay you...which indicates it's not a gift.I reply:I'm not so sure. Would he throw her out if she were unable to pay? Probably not. Does the amount she pays vary depending on what she can afford? Probably. The probable answers to these questions suggest to me that she is making a gift. --Bob
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