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Get your taxes done using TurboTax
Timing differences are not unusual when one party (property manager) uses the accrual basis of accounting and the other party (owner) is a cash-basis taxpayer. By the time the IRS questions the difference, you may have already filed your 2025 return (which will report that income). In any case, you can easily attribute the difference to your accounting methods.
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‎January 29, 2025
11:33 AM
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