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Get your taxes done using TurboTax
That certainly makes sense. I wanted to make sure there weren't some regulations regarding stipulations when the property is sold. Some of those 2017 expenses were noted on the 2018 closing for example, even though paid the year prior.
You reminded me of a follow-up though. As I will be reporting rental income, I also have a lot of unpaid rent. Is it true I cannot deduct unpaid rent? or perhaps, subtract it from reported rental income? It seems like it should be allowed but I read somewhere it's not.
‎April 12, 2018
9:33 AM