Updated almost 5 years ago on . Most recent reply
How do I report year end expenses?
I'm new to the whole management thing. As for year end expenses, which year do I report them for? For instance, if I pay for maintenance by credit card in 2020 but don't pay the credit card until 2021, do I report those costs in 2020 taxes? What about receiving January 2021 rent in 2020? I'm sure these are stupid questions to most but I continue to learn.