My son lives with us and paid rent for a few months when he could afford it. Do I have to claim this income on my 2017 taxes?

[Vanessa · Accepted solution]

Yes, this is reportable income.  If the rent was below fair market value then this is reported on line 21 by doing the following:

• Click Federal
• Wages and Income
• I'll Choose what I work on
• Scroll down to Less Common Income
• Click Start next to Miscellaneous Income
• Scroll down and click start next to Other Reportable Income

[Bsch4477]

You are merely sharing expenses as opposed to having a business relationship.  I do not believe you have to report that income.