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Investors & landlords
It may be too late, but I agree with you that the tenant utility money is not your money, therefore you don't report it as income. This is based on the terms of your lease agreement. You have a legal obligation to pay the utilities with funds received from the tenant. Your legal justification for not reporting utility payments as income is sound. Legally, you do not have a claim of right on the funds.
‎October 15, 2020
2:03 PM