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Partners splitting cost of mortgage count as rental income
I am polyamorous and live with my partners. I own my home, they’re not owners with me and they give me money to split the cost of sharing the home. Do I count this as rental income when they don’t have a lease? Do they list me as a landlord on THEIR taxes if they don’t have a lease and we’re in a relationship? If I should report then paying towards living with me, should they be eligible for the renters deduction on their taxes?
I already submitted my taxes and didn’t think of this issue until someone mentioned it. Do I need to make an amendment?
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January 31, 2020
7:32 AM