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April 11, 2025
Question

Owe tax on rent?

  • April 11, 2025
  • 1 reply
  • 0 views

me and my partner own a condo and my partners brother with us. We all 3 split expenses and the house payment evenly but only me and my partner are listed on the mortgage. 

do we have to pay income tax on the money from my partners brother? All sharing cost of the mortgage and expenses 

    1 reply

    April 12, 2025

    No.  If this is cost sharing it is not reportable or taxable income.  

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