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If someone helps you with rent do you have to claim that as…

If someone helps you...

If someone helps you with rent do you have to claim that as rental income on your taxes?

Accountant's Assistant: The Accountant will know how to help. Please tell me more, so we can help you best.

There is no lease agreement, just that they pitch in to bills for staying at the house.

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Answered in 1 minute by:
3/9/2018
Carter McBride
Carter McBride, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 1,058
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Hey! I'm Carter, I'm a CPA and can help you.

No you do not claim that as rent. That's considered a gift and is not taxable.

Let me know if you need anything else. If not, please leave a rating. Thanks!

Carter McBride
Carter McBride, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 1,058
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