turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

What do I enter if I shared expenses with someone but it isn't considered 'rent'?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MichaelMc
New Member

What do I enter if I shared expenses with someone but it isn't considered 'rent'?

Nothing. Rent and utilities, whether paid directly to a landlord or through a cost-sharing arrangement with a roommate or co-tenant, are considered personal expenses. As such, these expenses are not deductible for federal income tax purposes.

Some states have various credits for persons paying rent. These may depend on one's income or other factors and may have specific definitions of what payments constitute "rent." You should check with your state's Department of Revenue or other taxing authority for relevant instructions.

View solution in original post

1 Reply
MichaelMc
New Member

What do I enter if I shared expenses with someone but it isn't considered 'rent'?

Nothing. Rent and utilities, whether paid directly to a landlord or through a cost-sharing arrangement with a roommate or co-tenant, are considered personal expenses. As such, these expenses are not deductible for federal income tax purposes.

Some states have various credits for persons paying rent. These may depend on one's income or other factors and may have specific definitions of what payments constitute "rent." You should check with your state's Department of Revenue or other taxing authority for relevant instructions.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies