Tax Warrior Chronicles

Renting a room? That Income is Taxable. However...

Posted on Fri, Oct 11, 2019

Suppose you are someone who lives near a college town or resort area and have extra rooms to spare in your home. You think to yourself, why not rent out one of the rooms since you aren’t using the space and make some extra money? Well, you could. But, since you are receiving rental income now, taxing authorities also want their share.

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