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Updated over 6 years ago on . Most recent reply

User Stats

102
Posts
80
Votes
Justine Scheuher
  • Investor
  • Louisville, KY
80
Votes |
102
Posts

House hack: Pros and cons of reporting rent

Justine Scheuher
  • Investor
  • Louisville, KY
Posted

Hey! Just curious what everyone is doing/has done in the past with rent. Did you file the income on your tax returns? I’ve been house hacking for 1.5 years and have never reported it. After  talking with a bank..I now see there are some pros—for example when applying for a new loan, 100% of that rental  income can be reflected as income (opposed to 0% if you have no documentation or only 75% if you have a signed lease). 

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