topic Roommate pays me monthly $400 for his part of rent by Venmo. We are both on the lease, not a business transaction. Do I pay taxes for 2022 on those monthly transfers? in Investors & landlords

Roommate pays me monthly $400 for his part of rent by Venmo. We are both on the lease, not a business transaction. Do I pay taxes for 2022 on those monthly transfers?

foggygreek — Tue, 10 Mar 2026 07:21:51 GMT

Re: Roommate pays me monthly $400 for his part of rent by Venmo. We are both on the lease, not a business transaction. Do I pay taxes for 2022 on those monthly transfers?

DoninGA — Wed, 14 Dec 2022 20:29:24 GMT

You do not report the funds received from your roommate on a tax return. You are roommates sharing expenses so nothing is reported on a tax return.

Re: Roommate pays me monthly $400 for his part of rent by Venmo. We are both on the lease, not a business transaction. Do I pay taxes for 2022 on those monthly transfers?

Critter-3 — Thu, 15 Dec 2022 16:01:21 GMT

Why doesn't the roommate simply pay the rent directly to the landlord? This will keep this new potential 1099-K situation from happening. Or give you a check or cash ?

Re: Roommate pays me monthly $400 for his part of rent by Venmo. We are both on the lease, not a business transaction. Do I pay taxes for 2022 on those monthly transfers?

Carl — Sun, 18 Dec 2022 15:31:57 GMT

Why is the roommate paying you? They have no legal obligation to do so. Their legal obligation is to the landlord, same as you. Have them pay it directly to the landlord.

You can expect to receive some kind of tax reporting document from Venmo. It can be dealt with. But how it's dealt with will depend on what kind of document Venmo sends you. I would expect a 1099 of some type, be it a 1099-MISC, 1099-NEC or 1099-K.