TomD8
Level 15

Investors & landlords

"Is there any guidance regarding what may be considered a cost of living that may be shared among roommates in a cost-share arrangement that is below FMV?"

 

No, because there's no tax issue here.  It's up to you and your roommate to decide which costs to share.

 

 

**Answers are correct to the best of my ability but do not constitute tax or legal advice.