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Richard, Tax Attorney
Category: Tax
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Experience:  29 years of experience as a tax, real estate, and business attorney.
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I have been living with my boyfriend for over a year, I am

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I have been living with my boyfriend for over a year, I am attending college so I do not work and he pays for everything. Each month he transfers money into my checking account so that I can pay my bills. For the 2013 tax season will I have to claim the money he transfers into my account as income? Can he still claim me as a dependent?

Welcome! My goal is to do my very best to understand your situation and to provide a full and complete answer for you.

Good afternoon. Does he transfer excess money into the account or simply enough to pay the bills? Thanks.

Customer: replied 4 years ago.

He transfers about 20 dollars more then what the bills are

Thanks. In that case, this is not income. Rather, it is simply a deposit to pay his bills. The money does not belong to you and does not increase your net worth at all. The extra 20 dollars could be considered income if paid to you to compensate you for these services. Otherwise, if you had to give it back, it would not be income. Or, you could treat is as a gift if it was not to be paid back and not designed to compensate you.

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