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New Member
posted Apr 3, 2022 8:34:42 PM

Parents paid security deposit for my apt. but will get it back in a year when I move out. On my tax return, does the deposit count as expenses paid on my behalf?

0 2 340
2 Replies
Expert Alumni
Apr 3, 2022 8:48:04 PM

No, since you will be paying it back and it is not an expenses unless and until you vacate the apartment with damages, you do not have to include as an expense paid on your behalf.

Level 3
Apr 3, 2022 9:17:58 PM

Ok, thank you!