35 months instead of 36?
Are there any tax advantages to renting out a unit for 35 months instead of 36 months?
@Linda Malavet Not that I am aware of. Why do you even think to ask?
Basit Siddiqi
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Basit Siddiqi
#2 Tax, SDIRAs & Cost Segregation Contributor
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#2 Tax, SDIRAs & Cost Segregation Contributor
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@Linda Malavet
There is a special rule regarding taxation and collecting rent payments.
Rent payments are normally taxed in the year collected.
Therefore - I am not sure what the tax difference would be from having a 35 month lease vs a 36 month lease.
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why would you ever want to sign a 35 or 36 month lease on residential properties? Sign a 12 and then month to month. If you need to get rid of them you are not locked down to years.