MND Q&A

If you buy a house and the seller rents it back until they move, must that be declared on your incom

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If you buy a house and the seller rents it back until they move, must that be declared on your income taxes as rental income?


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“Consult your tax advisor” would be the legally sound advice, but in most cases seller lease backs are for relatively short periods, and in all probability wouldn’t be the biggest concern on most income tax returns. The longer the rental period, the more likely you would want to list the income.

Answered 30 days ago
Ted Rood ✎
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