- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Hello where do I enter repair fees, loss rent, renters registration, and monthly fees for a rental property?
Topics:
January 28, 2020
11:16 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
All of these are available in the Premier version of our software.
After answering a number of questions you will come to Review Your _____ Rental Summary. Everything can be entered here.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
January 29, 2020
11:44 AM
Anonymous
Not applicable
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
most of what you posted would be deductible except lost rent. since you never received it you can't deduct it. you in effect save taxes because the rent you don't receive is not included in income.
this assumes you're using the cash basis. - income is taxable in the year received whereas under the accrual method - income is taxable in the year earned.
January 29, 2020
11:52 AM