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re: Renting a room in your current residence question
Posted on 3/16/16 at 9:15 am to Mr.Perfect
Posted on 3/16/16 at 9:15 am to Mr.Perfect
quote:
you might consider transferring some of the bills to him. Water, cable, internet, alarm, etc... if you trust him. I have no idea how long he will be with you or the situation.
Then you have no "income" off the deal, but reduce your costs.
No. That is still not within the tax law. The bills have to be allocated proportionally.
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