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Investors & landlords
In addition to the previous post, you are not renting out property or a part of any property with the intent of making a profit. So all you have is an expense sharing arrangement. The fact it's being shared by/with a family member/relative further reinforces you're not "in the business" to make a profit. Therefore, nothing has to be reported anywhere on your tax return about this arrangement.
‎November 10, 2021
4:26 PM