Accounting question involving a property management company

2 Replies

For some reason this tenant decided to pay the Jan 2020 rent at the end of Dec 2019 to the property management company. The owner received the rent (minus the fees) from the property management company in Jan 2020. Should the owner report the income in 2019 tax return or to the 2020 tax return?

Thanks,

Soh

Had it happen to me last year on my 2018 reports. PM recieved Jan 2019 rent on Dec 31st for one tenant and put it on my 2018 1099 Misc as I am a cash basis Taxpayer. Of course it will concomitantly reduce my 2019 Misc for this year's reporting.