Updated over 5 years ago on . Most recent reply
Rent paid Dec.31 for Jan. Goes on what years taxes
If a renter deposits rent on December 31 to cover rent for January of next year, what year’s taxes will the money land on ?
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Natalie Kolodij
Tax & Financial Services
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No you can't just choose.
Landlords are cash basis- when it's received is when it's reported.
Kolodij Tax & Consulting



