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December rent posts in January--what tax year to file?
Hi, long question: I use a property management co. They collect rents for December and pay me out at the end of the month--the money hits my bank account on January 3. Some maintenance jobs were done mid December, which are also withdrawn from my bank account on Jan 3.
Should I include these on my 2016 taxes or 2017? The tenant paid my prop manager in 2016 but I didn't see any $ until 2017.
(I understand the disclaimer that I should ask a tax professional etc.....but I'm asking here for general thoughts and opinions). Thanks!