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The value of the rent that you didn't have to pay is taxable income to you. It's your pay for the work you did as a handyman. You have to report it as income on your tax return.
You should consult a local tax professional to discuss what you have to do to catch up on your back taxes, and the proper way to report your work-for-rent arrangement going forward.
The value of the rent that you didn't have to pay is taxable income to you. It's your pay for the work you did as a handyman. You have to report it as income on your tax return.
You should consult a local tax professional to discuss what you have to do to catch up on your back taxes, and the proper way to report your work-for-rent arrangement going forward.
Unfortunately, TurboTax really can't be of any useful help here. You really need to consult with a local tax professional for your 2024 taxes, assuming you actually have income to report for 2024. This is especially true if your state taxes personal income.
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