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Is renting a room in your house taxable?

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If you collect rent from someone who lives in a property that you own – even if it's just a room in your house – you're considered a landlord and must report the rent you receive as taxable income. The rent is considered income in the year you received it, even if the rent covers a time period in a different year.
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The Taxes in Renting a House & Subletting a Room : Tax & Insurance Information



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