My common law spouse and I bought a house but it is in my name. We share our income and expenses. Do I need to claim his portion of household expenses as rental income?
My common law spouse and I bought a house but it is in my name. We share our income and expenses. Do I need to claim his portion of household expenses as rental income?
No, you would not. Cost sharing in this instance is not considered an intention to make a profit.
My common law spouse and I bought a house but it is in my name. We share our income and expenses. Do I need to claim his portion of household expenses as rental income?
No, you would not. Cost sharing in this instance is not considered an intention to make a profit.
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