Phillip1
New Member

Investors & landlords

Yes.

Rent is taxable in the year that the money is received (assuming that you are a cash basis taxpayer). Since the payment was not received until 2018, the money is not taxable until 2018.

  • Include the full 1099-MISC in your rental income, and in the list of miscellaneous deductions add a deduction that is labeled "Rental income received in 2018". 
  • Keep detailed records for the receipt of your rental income that substantiates the fact that the payment was received after the 12/31/17

View solution in original post