Last year my parents claimed me as a dependent because I was a student. After I graduated and became a grad student and providing for myself I took over all the costs of the rental including the rental income. I lived there when I was a dependent and I live there now.
You'll need to sign in or create an account to connect with an expert.
As you are a co-owner of the property and you received the rent and paid rental expenses, you can report all rental income and all rental expenses on your tax return.
As you are a co-owner of the property and you received the rent and paid rental expenses, you can report all rental income and all rental expenses on your tax return.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Fuzzy Red Baron
Returning Member
tljackson1542
New Member
MiniMe
Returning Member
cabg
New Member
taxquestion222
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.