 Can my boyfriend claim the childcare credit if I claim our son as my dependent? |
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 I've heard income tax is illegal...? |
Can anyone point me to CONCRETE information that refers to this? Such as laws, court judgements, etc.?
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Angel - Yes I heard that too, but when I looked it up the 16th ... |
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and i have pretty good grades and im responsible but they still dont give me money..... |
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 Does anybody now if the qeen pays council tax? |
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just wanted to now really myself and my partner where on about it.... |
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melly73080 | I am renting a room in my home in FL, do i need to claim my roommates rent as income? |
Additional Details
I am the homeowner, the only reason i am renting is my mortgage is really high but we can't refinance for 2 years.
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 |
 
ami
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I really wish people who are not tax preparers or accountants would stop giving erroneous advice to you guys. If you OWN a piece of property and you are renting something out, THAT is income. You are LEGALLY required to report it - ALL OF IT. It will be on something call a "Schedule E". Talk to your tax professional about it. We will need ALL of your information as to the cost of your home, WHAT you are renting out, the rent you are collecting, the EXPENSES you have, etc..etc..etc..etc..etc......There are also things you may be able to depreciate. "Depreciation" means the gradual wearing out of appliances, etc..etc..etc....For all of you folks who know nothing about taxes, STOP GIVING ADVICE! Even the most EXPERIENCED tax preparers do NOT know EVERYTHING and make mistakes! And for all of these MORONS who think that "as long as it's not reported they won't find out" what ROCK DID YOU CRAWL OUT FROM UNDER?????? Everything is CENTRALIZED and IS reported to the IRS!!!! They WILL find out and people who don't report things will get penalized big time! If you have a tax question, do not take advice from the "guesstimaters"! |
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billyandgaby
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Yes you do.
They cannot really trace it though if you don;t. |
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Lost in a Relationship
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Yes, you will have to claim the rent from your roommates as income. Any money that you bring in is income and you have to claim it. |
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Mephistopheles
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If you declare this rent make sure that you also claim your expenses such as the proportion of the rent you pay, gas, elect, depreciation for use of furniture etc. If this is an arrangement where your room-mate merely shares the household expenses them you most probably do not have to file - you could always ask the IRS. |
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KB
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Yes, just as they can claim the rent as expense on their taxes. |
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Judy1
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Since you own the home, yes, you do need to report it as income. |
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JULIE
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YES |
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jlgourdin
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Most likely not. The only person that would have to report the income is the homeowner. He would have to report the entire rent as income. |
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nyboi630
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Only if you made any profit. For example, if your rent is 1000 for a 2 bedroom, and your roommate paid 500, then there's no profit, and no income. If she's paying 600, then you should report 100 profit (income). |
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aka Astra
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yes. and no they can't claim it as an expense on their end |
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