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I rent out my house, but they just pay the mortgage. Do I need to claim their payment as income?
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posted
June 5, 2019
10:37 PM
last updated
June 05, 2019
10:37 PM
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I rent out my house, but they just pay the mortgage. Do I need to claim their payment as income?
Yes, you do have to claim the mortgage payments that your tenants make as income.
You should also have the building set up as a rental asset and be taking depreciation.
June 5, 2019
10:37 PM
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