diane2861
New Member

Can I divide the full amount I have received for a 3 year lease by 1/3 per year for the years to which it applies?

 
MinhT
Expert Alumni

State tax filing

No. You have to report as rental income the full amount you received, even if the amount covers the 3 years.

Please see this IRS document, in particular the paragraph on Advance rent:

https://www.irs.gov/taxtopics/tc414


**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post