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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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    https://brainmass.com/business/accounting/shifting-income-405180

    Solution Preview

    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 ...

    Solution Summary

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

    $2.19

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