Is there any tax advantage for a person to lease-option a home rather than just renting?
My husband and I own a home that my daughter rents and we would like to be able to allow her to get something out of it tax-wise since she can't buy it outright at this time, and we're upside down in it anyway.
Public Comments
- Your daughter would get no tax advantage in a lease option because she does not own the home. Only you and the hubby can write off the interest.
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