payment in cash or property or services doesn’t matter, what matters is that the payment was intended to be rent, so you have to count this economic benefit as gross income (Federal Income Tax code section 61).
it’s a barter of services for services
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• so I have to pay tax based on the amt anyway? -javaking- ♀ (0 bytes) () 02/22/2008 postreply 20:09:08
• 老貓的看法,如果您覺得不妥,希望您能不吝指正,先拜謝! -單身老貓- ♂ (2021 bytes) () 02/22/2008 postreply 21:15:18
• Thank you. 老貓 -javaking- ♀ (0 bytes) () 02/24/2008 postreply 00:51:49