If I have relatives living with me and they help pay the mortgage, do I need to report that as income?

posted

Connect with an expert

2 Replies

If I have relatives living with me and they help pay the mortgage, do I need to report that as income?

NO ... you are just sharing living expenses.

If I have relatives living with me and they help pay the mortgage, do I need to report that as income?

No. That’s just cost sharing and not reportable income. I assume that there is no rental agreement.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post