Subletting parking of a condo / I am not the owner

Ali Alizadehnezhad · ‎March 13, 2022

I am in Canada, BC.

I rent a condo but do not need the parking space that comes with it. by subletting the parking to someone else who needs it within the condo, does the condo renter have to declare the parking rental as income?

Condo rent ~ 1600 per month

Parking rent ~ 75 per month

xmasbaby0 · ‎March 13, 2022

CANADA This is the U.S. TurboTax public user forum. For help with Canadian taxes, please post your question in the Canada TurboTax user forum., at the following link.

https://turbotax.community.intuit.ca/community/turbotax-support/help/03/en-ca https://turbotax.intuit.ca/tax-software/index.jsp

**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.**

HelenC12 · ‎March 13, 2022

If you are required to file a US income tax return, yes, per U.S. tax code, the renter of a condo has to declare the rental income from the parking space on their income tax return, even if the parking space is in Canada, BC. You'll be able to deduct any expenses related to the parking space.

Please see: Where do I enter income and expenses from a rental property?

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Subletting parking of a condo / I am not the owner