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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?
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June 4, 2019
3:43 PM
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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
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June 4, 2019
3:43 PM