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If you pay rent to someone your living with,is that person…

Customer Question
If you pay rent...

If you pay rent to someone your living with,is that person responsible for claiming income earned and pay taxes on it.

Accountant's Assistant: Which tax year is this for?

The past 8 years about 15,000 a year.

Accountant's Assistant: Anything else you want the Accountant to know before I connect you?

No that is it.

Submitted: 2 months ago.Category: Tax
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Answered in 2 minutes by:
5/29/2018
Tax Professional: Tax.appeal.168, Tax Accountant replied 2 months ago
Tax.appeal.168
Tax.appeal.168, Tax Accountant
Category: Tax
Satisfied Customers: 4,795
Experience: 3+ decades of varied tax industry exp. Tax Biz owner
Verified

Hello. Thank you for choosing this Q&A service for assistance. My name is***** will be assisting you. In brief, if you have a traditional rental arrangement (lease, etc.), then yes, the income paid for rent should be reported as income. I will provide more on this subject in the next thread.

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Customer reply replied 2 months ago
Thank You.
Tax Professional: Tax.appeal.168, Tax Accountant replied 2 months ago

Now, if you are cohabitating as boyfriend/girlfriend, etc., it is not necessary that the other person report the money received. Again, if the living arrangements is considered a legitimate rental arrangement, yes the funds should be reported as income by the person.

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