MonikaK1
Expert Alumni

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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