Advance Rent. Advance rent is any amount you receive before the period it covers. Include it in your rental income in the year you receive it regardless of the period covered or your method of accounting.
Payment for Canceling a Lease. If your tenant pays you to cancel a lease, include the payment in your income in the year you receive it regardless of the method of accounting you use.
Expenses Paid by Tenant. If your tenant pays any of your expenses, include these payments in your income. You can deduct the expenses if they are deductible rental expenses.
Property or Services. If you receive property or services, instead of money, as rent, include the fair market value of the property or services in your rental income. If the services are provided at an agreed upon or specified price, that price is the fair market value unless there is evidence to the contrary.
Security Deposits. If you plan to return a security deposit to your tenant at the end of the lease, do not include it in your income.
- Lake Pinehurst residents ask for ban on short-term rentals - Fayetteville ObserverLake Pinehurst residents ask for ban on short-term rentalsFayetteville ObserverHe opened the door of his home on the shore of Lake Pinehurst to find a young, barefooted woman wearing shorts. She told Jarest that she needed to use the phone to call a ride because her cellphone battery had died. Golfers renting a house two doors ...
- UK government sets out long-awaited energy efficiency standards for new ... - Out-Law.comUK government sets out long-awaited energy efficiency standards for new ...Out-Law.comFrom 1 April 2018, landlords would not be able to rent out domestic or non-domestic property with an EPC rating below E, unless they had already made use of "all available funding or subsidy to make all reasonable improvements" and are still unable to ...
- Slumlord Millionaires Wall Street's new scheme to profit off poor people - The New RepublicSlumlord Millionaires Wall Street's new scheme to profit off poor peopleThe New RepublicWhen Wall Street firms began buying rental units in bulk in 2011, experts warned that they had no history of managing large numbers of rental properties spread over hundreds of square miles, and would skimp on costs at the expense of tenants. Now ...and more »
- Lake Pinehurst residents ask for ban on short-term rentals - Fayetteville Observer
Days of the Month
July 2014 M T W T F S S « Jun 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31