Hi. Does the CA renter's credit apply to a family or group of friends that rents a house, townhouse, or big condo and each one pays a part of the rent? It seems that it ought to, especially if the rent each one pays is FMV relative to the size of their room. I see a possible loophole if a family of 10, each one filing a single tax return, lives in a 2 bedroom house and each one claims the renter's credit of $60.
- posted
15 years ago