Hi
Just wondering if anyone would have any insight on this.
I will be starting a residency on a J1 visa and will be renting a 2 br apartment. Lets say I wanted to save some money on rent and decided to rent out the 2nd spare bedroom a few nights a month (AirBnB style). I don't actually want a full-time roommate/housemate but have found someone that needs a space a few times a month for work/travel. How does this play into taxes? Would this affect my J1? Would this be any different from just having a roommate and splitting costs 50-50? Or is this considered extra remuneration? Assuming I don't actually keep the extra money as an "income", I can just reduce my own rent by a couple hundred dollars?
I'm just trying to figure out if this is possible on a J1 without getting into any trouble.
Thank you!
Just wondering if anyone would have any insight on this.
I will be starting a residency on a J1 visa and will be renting a 2 br apartment. Lets say I wanted to save some money on rent and decided to rent out the 2nd spare bedroom a few nights a month (AirBnB style). I don't actually want a full-time roommate/housemate but have found someone that needs a space a few times a month for work/travel. How does this play into taxes? Would this affect my J1? Would this be any different from just having a roommate and splitting costs 50-50? Or is this considered extra remuneration? Assuming I don't actually keep the extra money as an "income", I can just reduce my own rent by a couple hundred dollars?
I'm just trying to figure out if this is possible on a J1 without getting into any trouble.
Thank you!