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ye, but like any business, not the gross income from it. It will be determinant based on any net profit, minus set asides for potential future expenses, such as replacement cost of an AC/Heating unit.
Wiki User
∙ 14y ago
Wiki User
∙ 15y agoYes, a parent can charge rent and still get child support. However, this is only legal if the child is under eighteen years of age.
Wiki User
∙ 12y agoYes! The parent can use child support for any purpose they see fit. Children are transported in the car so the parent can pay their car payment. Would you rather your kids ride the bus?
Wiki User
∙ 16y agoyes
Wiki User
∙ 11y agoYes
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What constitutes income in a child support hearing?
All of the money you make. If you have a salary, if you own rental property, if you get dividends from stock - whatever money you receive is your income.
Rent is income-based do you claim child support as income?
No. For income tax purposes on your federal income tax return child support is NOT TAXABLE income that you would report on your 1040 tax form. Gross rental income and expenses are reported on the schedule E of the 1040 tax form and then then the net rental income is entered on page 1 line 17 Rental real estate, etc, Attach schedule E.
Can overtime be considered in child support payments Georgia?
I am not an attorney, nor have I ever payed/received child support, but I believe that time has nothing to do with it. I think that is a sum of money only.
Can you still get child support if the father doesn't work but owns property?
This suggests that the father has some income from that property and therefore some ability to support the child[ren].
Can colleges ask you about child support and consider it 'income'?
No, child support is not income.
Does stepmother income count toward stepchilds child support?
No. The child support will be based on the father's income and his ability to pay.No. The child support will be based on the father's income and his ability to pay.No. The child support will be based on the father's income and his ability to pay.No. The child support will be based on the father's income and his ability to pay.
Does other financial resources affect child support amounts?
It depends, if you have a trust fund that gives you money every month, yeah, that would count. If you have a credit card with a million dollar limit, no that doesn't count. Rental property income would. Any taxable income is a consideration.
Where on a 1040a does child support income go?
It doesn't. Child support does not count as income and is not taxable for the recipient.
If you have no income how much child support do you pay for 3 kids?
Child support is a percentage of net income.
Does child support need to be taken out of vacation pay in Mass?
Vacation pay is an income, child support is taken out of income.....
If the mother lied about her income and property would she stop getting child support?
The more likely outcome is that the father would use this as the basis for a request to modify support.
Do banks have to consider child support as income for home equity loans?
child support is for the child .
