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Investors & landlords
Basically, any and all income received as rent, or related to the rental, is either a deposit or rental income. Period.
For the most part, a deposit is not your money. It belongs to the tenant until such time as you have cause to lay claim to it. Until then, it's not rental income and is not reported as such.
For the most part, a deposit is not your money. It belongs to the tenant until such time as you have cause to lay claim to it. Until then, it's not rental income and is not reported as such.
‎June 1, 2019
1:29 PM