Quote:
Originally Posted by Locke
Actually this one is supposed to be Tax Exempt.
Its just $500 free bucks...you dont have to claim it on your taxes.
Granted, they may change their minds about that later on.
I dont think this is a "You've won a free boat...come to the Police Station to collect!" type of scenario.
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Sorry, I wasn’t clear in what I said.
As far as I know, a landlord has to claim rental income on their income tax, for example if they rent a room. The renter also gets to claim the rent they paid on their taxes.
I just wonder how many landlords don’t claim the income, and this might expose them. I guess this would already be done if the renter claimed the rent already