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Investors & landlords
If your parents are merely reimbursing you for the utilities they are using while they are living in a home that you own, this would be considered sharing expenses and not rental income or a landlord/tenant relationship and therefore not reportable as income.
See this thread for further discussion of this topic.
See this IRS article for information on rental income and expenses.
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‎February 15, 2023
7:59 PM