Rental property... assets or business???

dietz199
Mon, 01 Jul 2019 19:58:42 +0000

@thumper1 The OP is an aspiring college kid. I’d give them a break on not knowing the exact ins and outs of their parents financial structure. This could be due to the parents not sharing or it really could be ‘complicated’.

D is a tax accountant. And even something ‘simple’ like properties in the US are still ‘complicated’. Having had parents who held foreign accounts, trust me, it is NOT simple.