Lets say if you had received rent all year, you would have received 15,000. But your renters are flakes and didn't pay you for 3 months. So you wouldn't write anything off, you just report rental income of 11,250 rather than 15,000.
You "could" report 15,000 as income, then deduct the 3750 you never received, but the end result is the same.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
