turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

kay-ryan
New Member

Do I have to claim rent from a room in my home?

I rented a room out for an amount each month for 6 months, but it is in my primary residence
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
RalphH
New Member

Do I have to claim rent from a room in my home?

Yes, you have to report this income.

If you collect rent from someone who lives in a property that you own – even if it's just a room in your house – you're considered a landlord and must report the rent you receive as taxable income.

The rent is considered income in the year you received it, even if the rent covers a time period in a different year. In other words, your tenants' rent payment for January of 2014 collected in December of 2013 gets reported on your 2013 return, but a 2013 rent payment that wasn't received until 2014 is reported on your 2014 return.

To offset your rental income, the IRS lets you deduct expenses and depreciation related to the rental. We'll show you how to enter both your rental income and expenses below.
Entering rental income and expenses

See https://ttlc.intuit.com/questions/1894483-where-do-i-enter-income-and-expe

View solution in original post

2 Replies
RalphH
New Member

Do I have to claim rent from a room in my home?

Yes, you have to report this income.

If you collect rent from someone who lives in a property that you own – even if it's just a room in your house – you're considered a landlord and must report the rent you receive as taxable income.

The rent is considered income in the year you received it, even if the rent covers a time period in a different year. In other words, your tenants' rent payment for January of 2014 collected in December of 2013 gets reported on your 2013 return, but a 2013 rent payment that wasn't received until 2014 is reported on your 2014 return.

To offset your rental income, the IRS lets you deduct expenses and depreciation related to the rental. We'll show you how to enter both your rental income and expenses below.
Entering rental income and expenses

See https://ttlc.intuit.com/questions/1894483-where-do-i-enter-income-and-expe

Do I have to claim rent from a room in my home?

i couldnt find a place in other income to report this on my claim so how do i do it on my return

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question