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March 22, 2021
Question

I own a house in MA, my girlfriend moved in and we share costs. The bulk of that is she pays me about half what her previous apartment cost in rent. My Tax implications?

  • March 22, 2021
  • 2 replies
  • 0 views
Her payment is also about half of my mortgage payments, but I've finished paying that off.
Thank you!

2 replies

Critter-3
March 22, 2021

The "cost sharing arrangement" is NOT entered anywhere on an income tax return.  

Carl11_2
Employee
March 22, 2021

You specifically stated "we share costs". Therefore, what you have is nothing more than a cost sharing arrangement. You have nothing concerning this to report on any tax return.