Money received

davelepore

Hello my girlfriend lives with me in my home that I own she payed me rent do I have to report that and how do i

[Deleted User]

Hello davelepore,

While renting out your property, you would report all the rent collected as long as it qualifies as a rental property according to the IRS. It would be disqualified for the days it was considered personal use.

A day of personal use is any day, or part of a day, that the unit was used by:

• You for personal purposes;
• Any other person for personal purposes, if that person owns part of the unit (unless rented to that person under a “shared equity” financing agreement);
• Anyone in your family (or in the family of someone else who owns part of the unit), unless the unit is rented at a fair rental price to that person as his or her main home;
• Anyone who pays less than a fair rental price for the unit; or
• Anyone under an agreement that lets you use some other unit.
  https://www.irs.gov/instructions/i1040se

For your situation, if there was any part of your home that was just for your girlfriend, then you could include that as a rental on your schedule E as long as it is rented at a fair rental price for the unit. Otherwise, you would need to report your income as 'Miscellaneous Income' by clicking Income » Other Income. Describe it as rent collected in an unqualified rental.