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Investors & landlords
You will deduct your expenses incurred in 2018 on your 2018 tax return, prepaid property taxes and HOA fee. You were actively renting your property so these expenses are deducted in 2018.
You will include your rent payments received by you in 2019 on your 2019 tax return that is when you actually received the payments.
You will report all your rental income and expenses on Schedule E
‎June 3, 2019
10:21 AM