taxes or no taxes
I don't know if this is the proper place for this post but here goes.
One year ago almost to the day I sold my house. We paid $12,00 for it in 1965. I only got $50,000 minus half the closing cost for it. I had moved to Fl & lived in a mobile home. My son lived in the house & Social Security MADE him pay me $300 a month rent. I also paid ALL the bill there. When I sold it they asked if I rented it out & for fear getting him in trouble with SS I said yes. I called H&R Block & told them everything. I was told I didn't have to pay any kinda Tax.. that is great if it is right. Does it sound right? I would hate to end up in trouble if it isn't right. Unfortunately I didn't get the name of the lady who told me that. I guess I was just so excited about not having to pay taxes. That money is all I have above my little SS check.
Thanks for any help & hopefully assurance.