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If I rent a bedroom to a friend/roomate in the house that I own must I pay tax on this income?

 
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1 Reply
MayaD
Expert Alumni

If I rent a bedroom to a friend/roomate in the house that I own must I pay tax on this income?

Yes, that income should be reported as rental income on your return. You can deduct your expenses to reduce that income. 

For more information, check :Tips on Rental Real Estate Income, Deductions and Recordkeeping

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