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.
- HomeAway expands with Expedia, listing over 100k home rentals - TnoozHomeAway expands with Expedia, listing over 100k home rentalsTnoozIn a presentation at vacation rental technology confab RezFest, HomeAway CEO Brian Sharples announced an expansion of the initial pilot with Expedia. The partnership, which was piloted back in October 2013, will now place 115,000 vacation home rentals ...Expedia.com to List More Than 115000 Ho
- Bend residents react to vacation rental debate - KTVZBend residents react to vacation rental debateKTVZAt Wednesday night's Bend City Council meeting, city Business Advocate Carolyn Eagan said Bend has 366 identified vacation rental properties, but over 100 did not have proper city planning approval. Among the speakers at the meeting was Victoria Smith, ...and more »
- See how 3 house rentals on Long Island stack up - NewsdaySee how 3 house rentals on Long Island stack upNewsdayThe tenant is responsible for maintaining the property and paying the utility bills. A two-month security deposit is required. Pets are generally not welcome, but a cat may be considered. Gail Chatelain, Daniel Gale Sotheby's International Realty, 516 ...
- HomeAway expands with Expedia, listing over 100k home rentals - Tnooz
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