Quote:
Originally Posted by Isaac Zachary
Would the money from roommates be considered income? Or it could be that if you have several roommates in a house you have more earners in your household, or so I would think. It depends on what you consider a household to be or what you consider income, or at least what the person think's who's putting together that income table.
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Rental income from roommates is income. That said, I never claimed the income because it's pointless. I'd then have to keep track of all the expenses related to the "business" of maintaining the house, deduct 100% of the rental income with those expenses, and end up in exactly the same spot of having paid no taxes on the rental income.
Not all of my roommates have been income earners during their stay. One guy was taking classes to be certified to skipper a larger class of ship. He took classes in the winter when Alaska was frozen over, and went back to work in the spring. A couple others were attending college.