HA while living with parents to save for downpayment

by Nel
(Georgia)

My husband and I are trying to sell our house to build a new one. We will probably end up living with his parents for six months (rent free) next year while the new house is finished. Any money we save will be used towards the downpayment for the new house.

Can we use the Fair Market Value of living in half of his parents' very large home for six months and our new house for six months? This number will probably be lower than our actual expenses since we are trying to scrape together a large down payment. Or do we request that our organization lower our housing allowance next year since we will be living rent-free for six months, even though we know we will be making a large down payment mid-year?

Suggestions are appreciated!

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Housing Allowance.



Need a Consultation, help setting up an effective Accounting System, or someone to do your monthly bookkeeping and/or payroll?



Recommended Resource!

Online classes/courses on how to use QuickBooks for a church! 

Click here for more details!

Use coupon code "FCA" for 10% discount!