Joined
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6 Posts
Hey everyone,
Just want to say that I'm a big fan of the new forum. I've been following many of the blogs for a while now, and while I'm not ready to commit to my own blog, this forum is an great opportunity to become active in the DIY financial community.
Anyways, I purchased my first home a little over 2 years ago. My brother moved in with me this winter so that he could attend post secondary schooling in the city. He gives me $550 every month.
Do I have to declare this 'rent' money as income on when I file taxes next year? If so, how would I declare it?
Thanks ahead of time for the comments.
-Pete
Just want to say that I'm a big fan of the new forum. I've been following many of the blogs for a while now, and while I'm not ready to commit to my own blog, this forum is an great opportunity to become active in the DIY financial community.
Anyways, I purchased my first home a little over 2 years ago. My brother moved in with me this winter so that he could attend post secondary schooling in the city. He gives me $550 every month.
Do I have to declare this 'rent' money as income on when I file taxes next year? If so, how would I declare it?
Thanks ahead of time for the comments.
-Pete