this post was submitted on 22 Apr 2024
1032 points (81.3% liked)
A Boring Dystopia
9874 readers
915 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--If a picture is just a screenshot of an article, link the article
--If a video's content isn't clear from title, write a short summary so people know what it's about.
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Do you own the property? If not, you're a tenant and it isn't treated as income because it isn't income. They're just paying their part of a shared rent through you.
If you are the owner, they aren't your roommate, they're your tenant, and maybe you should get these terms clear before you file your taxes again.
Yes I own the property.
And yes I know that I am taxed on the rent.
None of that is the point of my comment. The rent I collect isn’t treated as income by a wing of the government.
In my state, your tenant would not be able to claim renter's credit on their state income taxes because its all being done off the books.
It’s not being done off the books? We have a lease agreement and it’s all above board.
Yall are wildin with your assumptions
Off the books means you aren't reporting it.
I’m reporting it on my taxes.
I called the unemployment office to specifically ask about how rent impacts the insurance payout, and they were explicit that it doesn’t.
It is above board