Veteran “moves in” with adult child, keep veteran’s residence, what do you do with rental income?

The net rental income  ( less mortgage, taxes, insurance, maintenance, home owners association fees, etc.) is income to the veteran,  as "other income" on the primary application form (either the 21-526 or the 21-534), explain in the remarks section, income from the primary residence.

However, the primary residence to be considered a non-exempt asset, the veteran must retain the rights of occupancy.  Consequently, state the veteran retains full rights of occupancy to move into the residence at any time and has retained a locked portion of the home for storage of their property.

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