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  • Profile photo of jack313jack313
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    @jack313
    Join Date: 2010
    Post Count: 1
    July 1, 2010 - 1:47 am

    Hi, my partner and I also started renting out 1 room in our new appartment (we are 1st home buyers) and received about 3000 for 5 months. If my income is 60K and my partner is 30K so could I calculate our total taxable income as follow: my taxable income = 60K + 3K/2=61.5K and my partner is 30K+ 3k/2 = 31.5K. Hope someone can help us. Thanks

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