Rent Sharing Example 3
 
John lives with his two brothers, Bill and Todd. John, Bill and Todd are separate budgetary units and reside in the same house. Bill and John are co-owners of the house. The total amount for the mortgage is $1,200.00. Bill and Todd pay $150.00 each to John for rent (total $300.00).
 
Key $1,050.00 as an allowable expense for John's budgetary unit (the mortgage amount that John pays - $1,200.00 minus $150.00 received from co-owner Bill).
 
Key $150.00 received from Todd for rent as Countable Unearned income.
 
Since the house is owned by both John and Bill, the portion that Bill pays to John ($150.00) is not countable as income.