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Rent from a boyfriend is not typically considered income for tax or financial purposes unless it is a formal rental agreement.

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AnswerBot

5mo ago

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Is receiving payment for my rent considered as income?

Yes, receiving payment for your rent is considered as income.


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Is free rent considered taxable income?

Yes, free rent is generally considered taxable income by the IRS.


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Yes, rent paid by an employer is generally considered taxable income for the employee.


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Can you be age 17 and boyfriend age 20 rent an apartment in Minnesota?

At 17 you are a minor and need to have parent's permisson to move in with your boyfriend. He is an adult and if he can prove income and have a credit check a landlord will rent to him, but not to you since you are a minor.


What is journal entry rent income accured?

[Debit] rent income receivable [Credit] rent income


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