Feed: If a roommate contributes toward my mortgage in my primary - AggScore: 10.1
Summary: If a roommate contributes toward my mortgage in my primary residence, is this taxable income for me?
Michael B asked: I’m buying a house that will be completely in my name, but both myself and my fiance will live in it. I bought the house with the intention of my then girlfriend (now fiance) helping pay part of the monthly living expenses (mortage, utilities, etc.). The house will be the primary (only) [...]
If a roommate contributes toward my mortgage in my primary residence, is this taxable income for me?
div stylefloatleft padding 12pxa hrefwpcontentuploads201011mortagemortgage64.jpgimg srcwpcontentuploads201011mortagemortgage64.jpg title alt adivdivemstrongMichael Bstrong asked embrbrbrIm buying a house that will be completely in my name, but both myself and my fiance will live in it. I bought the house with the intention of my then girlfriend now fiance helping pay part of the monthly living expenses mortage, utilities, etc.. The house will be the primary only residence for both of us. Since Im the owner, Ill be writing the checks to the bank for the mortgage and shell be giving me a check every month. Is her payment to me considered taxable income for me Is there a special taxfree provison for shared living expenses I know it wont matter after we get married, but that wont be until early 2008. Do I have to report every penny that she pays me for the mortgage in 2007brbra hrefJacobadiv
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