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Is this Income "house sold""

Discussion in 'Credit Talk' started by Brenda, Mar 15, 2002.

  1. Mar 15, 2002 #1
    Brenda

    Brenda Well-Known Member

    My Dad's childhood house was just sold, he will get a share of the money. So can I put that down as part of household income.
     
  3. Mar 15, 2002 #2
    Christi

    Christi Well-Known Member

    I don't think so because it asks if income is annually, weekly etc. This is a one-time deal correct?
     
  4. Mar 15, 2002 #3
    Brenda

    Brenda Well-Known Member

    Yes one time deal. I guess I have to find a CC that says household income only .
     
  5. Mar 15, 2002 #4
    GEORGE

    GEORGE Well-Known Member

    If you buy and sell houses as a business...fine, BUT a one time deal, I DON'T THINK IT IS INCOME...
     
  6. Mar 17, 2002 #5
    lbrown59

    lbrown59 Well-Known Member

    You could invest the proceeds in a mutual fund and take out so much a month and that would be income.
     

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