What are the tax consequences, all around, for free, furnished homes?
ciamalo asked:
Just wondering: When someone is given one of the reality-show furnished homes, who is liable for what kind of taxes on the property and furnishings? What about Habitat for Humanity homes? If taxed, are there tax credits on the labor?
Just wondering: When someone is given one of the reality-show furnished homes, who is liable for what kind of taxes on the property and furnishings? What about Habitat for Humanity homes? If taxed, are there tax credits on the labor?
Possibly Related Posts:
- by law when does an employer have to furnish an employee with a w 2?
- How do I get the 1st time home buyer tax credit now, if I have already filed 2008 return?
- How much taxes would need to be paid on a prize item worth more than 2 mil USD?
- Taxes on Sweepstakes Winnings?
- Can I deduct expenses for my rental property?