amicable Asked November 2015
Mom lives with us and pays us $1,100 towards the mortgage, utilities, food and transportation. I don't want to mess up her Medicaid eligibility. Advice?
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She doesn't have enough taxable income to file, and we claim her as a dependent. Would it be better to file Schedule E and claim the income (and depreciation etc) as rent (that portion of the house is strictly for her use) or to have a caregiver contract and claim it as regular income? And this might sound weird, but can that caregiver contract money be deducted on Schedule A as a medical expense?
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amicable Nov 2015
I was just seeing of anyone here had experience with these issues before I pay the elder care atty 275/hr first! Thanks.
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freqflyer Nov 2015
These questions are complex. Your best bet is to contact a CPA or Tax Accountant to give you advice.
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