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.
- High number of rentals a double-edged sword for Butler - Tribune-ReviewHigh number of rentals a double-edged sword for ButlerTribune-ReviewRental units constitute nearly 60 percent of residential property in the city of Butler, which has the highest percentage of rental units of any municipality in the county and higher than either Pittsburgh or Philadelphia. The high percentage is “not ...
- Signature Vacation Rentals Announces New Demand In 2014 For Scottsdale ... - DigitalJournal.comSignature Vacation Rentals Announces New Demand In 2014 For Scottsdale ...DigitalJournal.comSignature Vacation Rentals, a cutting-edge and forward-looking vacation rental property management-company announces new demand in 2014 for Scottsdale furnished vacation rental properties. This manager of properties in Phoenix Arizona has seen a ...and more »
- Raleigh prepares to cite Airbnb user for renting house - News & ObserverRaleigh prepares to cite Airbnb user for renting houseNews & ObserverRALEIGH — The Raleigh residents offering their homes for rent on the website Airbnb seem like a friendly enough bunch, from the retirees in Boylan Heights to the chic scuba-diving couple downtown. Quite a few of the 150 or so rentals on offer, however ...and more »
- High number of rentals a double-edged sword for Butler - Tribune-Review
Days of the Month
November 2014 M T W T F S S « Aug 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