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Do i need to claim rent collected from my adult child who lives in my home as income?

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Do i need to claim rent collected from my adult child who lives in my home as income?

No. That is just family cost sharing and you do not put it on a tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Do i need to claim rent collected from my adult child who lives in my home as income?

Is there a signed lease? Does the adult child plan to claim a rent deduction/credit on his/her state tax return?

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