KiaraE
New Member

Investors & landlords

You report it as is. There is no need to adjust it. It falls under the IRS terms for constructive receipts.

Income is constructively received when an amount is credited to your account or made available to you without restriction. You do not need to have possession of it. 

From: https://www.irs.gov/publications/p538#en_US_201612_publink1000270642

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