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.
Yes, a parent can charge rent and still get child support. However, this is only legal if the child is under eighteen years of age.
Yes! 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?
yes
Yes
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.
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.
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.
This suggests that the father has some income from that property and therefore some ability to support the child[ren].
No, child support is not income.
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.
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.
It doesn't. Child support does not count as income and is not taxable for the recipient.
Child support is a percentage of net income.
Vacation pay is an income, child support is taken out of income.....
The more likely outcome is that the father would use this as the basis for a request to modify support.
child support is for the child .