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Investors & landlords
Assuming you are using the "cash" method of accounting (almost everybody does), unfortunately you report income when you receive it and expenses when you pay them.
That means only expenses you actually paid in 2019 will go on your 2019 tax return. Expenses you pay in 2020 will go on your 2020 tax return. So your 2019 return will show a bunch of income but very little expenses.
March 30, 2020
8:15 AM