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Honestly, I would ignore it. In these arrangements they usually only pay your mortgage payment, not true fair market value, so you aren't making a profit, and you if you show a loss by adding in other expenses, you can't deduct it. It won't end up being taxable, so reporting the income is more trouble than it's worth.
Honestly, I would ignore it. In these arrangements they usually only pay your mortgage payment, not true fair market value, so you aren't making a profit, and you if you show a loss by adding in other expenses, you can't deduct it. It won't end up being taxable, so reporting the income is more trouble than it's worth.
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