Greg Greystone rents an apartment to Brad Berry. If Brad pays any of Greg's expenses, Greg must include the payments in his rental income. Greg may deduct the expenses paid by Brad if they are otherwise deductible.

Question

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According to IRS rules, if a tenant pays any of the landlord's expenses (such as utilities or repairs), the landlord must include those payments in their rental income. However, the landlord may deduct those expenses (including any payments made by the tenant) if they are otherwise deductible.

Greg Greystone Rents an Apartment to Brad Berry