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posted Mar 21, 2021 6:08:49 PM

I own a house in MA, my girlfriend moved in and we share costs. The bulk of that is she pays me about half what her previous apartment cost in rent. My Tax implications?

Her payment is also about half of my mortgage payments, but I've finished paying that off.
Thank you!

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2 Replies
Level 15
Mar 21, 2021 6:21:38 PM

The "cost sharing arrangement" is NOT entered anywhere on an income tax return.  

Level 15
Mar 21, 2021 7:27:58 PM

You specifically stated "we share costs". Therefore, what you have is nothing more than a cost sharing arrangement. You have nothing concerning this to report on any tax return.