[ SECRET POST #2763 ]

[case]

⌈ Secret Post #2763 ⌋

Warning: Some secrets are NOT worksafe and may contain SPOILERS.

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Notes:

Secrets Left to Post: 03 pages, 060 secrets from Secret Submission Post #394.
Secrets Not Posted: [ 0 - broken links ], [ 0 - not!secrets ], [ 0 - not!fandom ], [ 0 - too big ], [ 0 - repeat ].
Current Secret Submissions Post: here.
Suggestions, comments, and concerns should go here.

Comments

Re: There is prob at least one person good with money on here

[(Anonymous)]

There is not a legal way to (significantly) benefit from this. If things are done honestly, then the rent money would later be reported as part of your income when you file your taxes, which means that you'd end up paying taxes on it then.

Otherwise, pretending as if the rent money doesn't exist (that you didn't earn it/that your landlord didn't get it for rent) is illegal. Now of course, in this situation you'd save money by not paying taxes on your rent income, especially if that ends up bumping your net (reported) income into a lower tax bracket - but I'm a painful stickler for the rules, so I wouldn't do it (IMO, it's not worth having the IRS come after me/him later, even if that's a rare possibility).

As a technical note - you could legally claim a slight advantage in having lower deductions (by having the rent money taken out of your paycheck beforehand, and only later reporting it) because you'd have the money in your possession longer and could possibly earn interest on it or use it for stocks or something...but that's obviously not likely to yield significant gains.

(Ignore the last paragraph if it's confusing. Basically: yes to illegal benefits, no to legal ones.)