Grandparent lives in 2nd home

BelknapPoint
Fri, 13 Nov 2020 22:44:16 +0000

Belknap- that’s what I meant by having already determined a fair market value IF the mom is indeed a dependent. You’re likely most of the way to the IRS level of “support”, especially if social security is her only income.

Got it. I was looking at it from a financial aid perspective (which is what OP asked about), and it sounds like you are addressing an IRS/federal income tax issue.