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Mary owns several rental properties and would like to shift

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Mary owns several rental properties and would like to shift some of the income to her daughter. Mary tells her tenants to send their rent checks to her daughter and the daughter will report the rental income on her tax return.

Will this shift the income from Mary to her daughter? Why or why not?

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Solution Summary

The solution determines if this situation will shift the income from Mary to her daughter.

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Mary owns several rental properties and would like to shift some of the income to her daughter. Mary tells her tenants to send their rent checks to her daughter and the daughter will report the rental income on her ...

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