renting rooms and sharing kitchen space in my home

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03-01-2013, 01:55 PM

mh1799

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Join Date: Mar 2013

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renting rooms and sharing kitchen space in my home

I am renting out 3 rooms in my residential home plus share the kitchen as part of the rental agreement. Besides rent, my tenants also pay 60% of all the utilities. What IRS form do I use to report this income? What else can I deduct as expenses? I am still paying mortgage, property taxes, and home insurance for this property.

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