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wolfev
New Member

If you charge your kids rent is that considered rental income

Adult children living at home. If you charge them rent, do you have to declare it as rental income?

1 Reply

If you charge your kids rent is that considered rental income

It depends, please see link below to explain, it refers to friends but the concept is the exact same:

My friend lives with me and helps cover expenses. Do I have to report their payments as rental income?https://turbotax.community.intuit.ca/replies/3726373