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Rental property ~ where to enter power reimbursement payments?
Hello,
I have two apartments and keep the power in my name so if I have a flaky renter and they don't pay the power bill the power won't be turned off and my pipes won't freeze. Anyway, I bill the individual tenants their bill each month after I pay the full amount. They reimburse me. Do I include this in "rental payments" on the Schedule E worksheet? Or somewhere else? Thanks in advance for any assistance.
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‎February 24, 2020
1:59 PM