On Monday, a report claimed that the duo had moved into the Calvin's home, but a spokesperson for Taylor has revealed that "they are absolutely not living together."
Over the holidays, the couple spent time with Taylor's family in Vail, Colorado, where they built a snowman with the singer's younger brother Austin. (Also Read: Taylor Swift, Calvin Harris Highest Paid Celeb Couple)
On New Year's Eve, Taylor was spotted cheering her boyfriend while he performed at Omnia nightclub in Las Vegas.
"They are happy and in no rush to settle down," added another source.
Meanwhile, Taylor, who received seven Grammy Award nominations for her 1989 album, released her new Out of the Woods video on "Dick Clark's New Year's Rockin' Eve" hosted by Ryan Seacrest last week.