pk
Level 15
Level 15

Investors & landlords

@Loriaff , I am not sure I understand your question -- so please tell me more -->

 

(a) are you a renter whom have received a refund from the landlord  ? OR

(b) are  you an landlord whom had to refund  the deposits ( security / last month/pet deposit etc. ) back to the renter ?

(c) are you a landlord  whom have been reimbursed for damages by  renter or by insurance?

 

(d)  OR ??

 

I ask because  in case you are a renter, the refund of the deposit is not a tax event.  If you are a landlord, the return of deposits  do not constitute an income and therefore not a tax event.  The insurance  reimbursement may be a tax event depending on circumstances  and facts on the ground.  Therefore please tell me more