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supre60
New Member

I rent my apartment where I live. I added a roommate who now pays half the rent. Is this reportable income?

 
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2 Replies
rjs
Level 15
Level 15

I rent my apartment where I live. I added a roommate who now pays half the rent. Is this reportable income?

No, it's not income that you have to report. You and your roommate are just sharing expenses. It does not affect your income tax.

I rent my apartment where I live. I added a roommate who now pays half the rent. Is this reportable income?

Do you have a signed lease agreement with Roommate?   Are either of you claiming a state tax rent deduction or credit?

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