Housing expenses shared

lasserre · ‎June 26, 2024

I am retired, on social security and have three years of payments remaining on mortgage. My two adult sons live with me. They help me pay the mortgage. Is this taxable income?

xmasbaby0 · ‎June 26, 2024

Family cost sharing is not entered on a tax return. No, the money you receive from your sons who live with you and help with expenses is not taxable to you and does not go on your tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

lasserre · ‎June 26, 2024

Thank you for your swift reply. May the Lord bless your day. Mark

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Housing expenses shared