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samshan19
New Member

Partners splitting cost of mortgage count as rental income

I am polyamorous and live with my partners. I own my home, they’re not owners with me and they give me money to split the cost of sharing the home. Do I count this as rental income when they don’t have a lease? Do they list me as a landlord on THEIR taxes if they don’t have a lease and we’re in a relationship? If I should report then paying towards living with me, should they be eligible for the renters deduction on their taxes? 

I already submitted my taxes and didn’t think of this issue until someone mentioned it. Do I need to make an amendment?

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2 Replies

Partners splitting cost of mortgage count as rental income

You are just cost sharing which is not reported on your return. 

Carl
Level 15

Partners splitting cost of mortgage count as rental income

What matters here is "intent". From what I read you just have a cost sharing arraignment with no "intent" to make a profit. So you're fine and can leave well enough alone.

 

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