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I'm renting out 2 rooms in my condo (which is my primary residence). What do I need to be aware of in terms of taxation?
It's my primary residence, having the roommates helps lower what I directly pay into the mortgage, though I still have to pay (not making a profit). Do I need to fill out something special for this? Not sure this counts as additional income since it's going directly to the mortgage payment each month. Just wondering if there are additional hoops I need to jump through?
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March 27, 2021
2:05 PM