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zaddock
New Member

I rent out my house, but they just pay the mortgage. Do I need to claim their payment as income?

 
1 Reply
DexterS
New Member

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.

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