If you charged a rent under the fair rental price or rented for less than 14 days, you would report the income under "other income" on line 21 of your Form 1040. It is not considered as a rental business. You do not need to report any rental income or related expenses on Schedule E. IRS considers this as a hobby. To enter, here are the steps (online):
If you charged at the fair rental rate and your home is her or his main home, it is considered as a rental transaction for business. You are required to report the rental income and allowed to deduct related rental expenses on Schedule E.
Do you have a signed lease, or is the roommate merely sharing expenses?
And please change your screen name. Profanity is not permitted here.
If you charged a rent under the fair rental price or rented for less than 14 days, you would report the income under "other income" on line 21 of your Form 1040. It is not considered as a rental business. You do not need to report any rental income or related expenses on Schedule E. IRS considers this as a hobby. To enter, here are the steps (online):
If you charged at the fair rental rate and your home is her or his main home, it is considered as a rental transaction for business. You are required to report the rental income and allowed to deduct related rental expenses on Schedule E.