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January 25, 2025
Question

do i enter rental on my 1040SR

  • January 25, 2025
  • 1 reply
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I pay my grandson for the my bedroom and for some other bills. I would have to pay for rent living elsewhere. Can I enter this amount on my taxes as rent?

1 reply

Employee
January 25, 2025

No.   That is simply family cost sharing that does not get entered on a tax return.   And...there is no federal deduction or credit for paying rent.

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