I was out of the country for a while so I sublet my apartment for a few months. I sublet my apartment through the rental company that I rent from, (my subletter wrote up a subleasing agreement with my rental company, but under my contract) and my subletter arranged monthly rent payments with the rental company directly, so that I was not involved in the exchange of rental money between my subletter and the rental company. I am pretty sure I was still the main person on that rental contract, but the money exchange was solely between them. I did, however, collected two months' rent as security deposit for the duration of the sublease then returned it at the end.
However, I received my CRP from my landlord saying that I paid the full-year's worth of rent, even though I only paid x months of it (the other months were paid by my subletter).
Q1. Does the monthly payments my subletter made to the rental company for the other months still count as *my* income?
Q2. Is my CRP wrong? Should I ask my landlord to give me a fixed CRP with the correct amount I paid?
Thanks!
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No, it's not your income. Since this is rent paid to the landlord, and not to you personally, it is not income to you. You formalized an agreement that the renting company allowed someone else to rent the apartment while you were away instead of you. Since you returned the deposit you had collected, this is also not income.
With regards to your second question, it depends. What the landlord in essence is reporting is that since you are the name on the contract and the rent was paid, you get credit for fulfilling your end of the contract. However, if you claim rent in any way on your tax return (the Federal return does not have a rent deduction but some states do), you only will include in the return the amount of rent that you personally paid, regardless of what the CRP says. I don't think you need to ask your landlord for a new CRP unless it is an official tax document (which it likely is not).
No, it's not your income. Since this is rent paid to the landlord, and not to you personally, it is not income to you. You formalized an agreement that the renting company allowed someone else to rent the apartment while you were away instead of you. Since you returned the deposit you had collected, this is also not income.
With regards to your second question, it depends. What the landlord in essence is reporting is that since you are the name on the contract and the rent was paid, you get credit for fulfilling your end of the contract. However, if you claim rent in any way on your tax return (the Federal return does not have a rent deduction but some states do), you only will include in the return the amount of rent that you personally paid, regardless of what the CRP says. I don't think you need to ask your landlord for a new CRP unless it is an official tax document (which it likely is not).
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