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.
- 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 ...
- Sioux Falls program to renovate rental properties sees jump this year - Sioux Falls Argus LeaderSioux Falls program to renovate rental properties sees jump this yearSioux Falls Argus LeaderMore Sioux Falls landlords are taking advantage of a city program designed to help fix up rental properties that otherwise might not have received attention. So far this year, landlords are fixing 23 properties using the city funds. That's almost four ...
- REAL ESTATE: Wall Street investor-driven rentals give housing a new twist - Insurance News NetREAL ESTATE: Wall Street investor-driven rentals give housing a new twistInsurance News NetJuly 23 --The national housing activist group Right to the City Alliance has released a report that claims the $20 billion that private equity firms have spent to acquire REO-to-rental and single-family rentals since 2012 has created a "faceless ...Slumlord Millio
- UK government sets out long-awaited energy efficiency standards for new ... - Out-Law.com
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