I purchased a home this year and my fiancé contributes to our household expenses by paying me $900 a month. We don’t have a lease agreement. Do I report this as income?

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I purchased a home this year and my fiancé contributes to our household expenses by paying me $900 a month. We don’t have a lease agreement. Do I report this as income?

No. That is just household cost sharing and does not go 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.**

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I purchased a home this year and my fiancé contributes to our household expenses by paying me $900 a month. We don’t have a lease agreement. Do I report this as income?

No. That is just household cost sharing and does not go 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.**

I purchased a home this year and my fiancé contributes to our household expenses by paying me $900 a month. We don’t have a lease agreement. Do I report this as income?

Thank you!

I purchased a home this year and my fiancé contributes to our household expenses by paying me $900 a month. We don’t have a lease agreement. Do I report this as income?

No you will not report this as income unless you have a valid lease agreement in place outlining contractual responsibilities for both parties. Otherwise your fiancé share of his or hers household expenses is not taxable income to be reported on your return.

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