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Investors & landlords
If you are a cash basis taxpayer, you do not deduct uncollected rent because you never included it in your income. If you use an accrual method, you report the income when you earn it. If you are unable to collect the rent, you may be able to deduct it as a business bad debt.
Any expenses incurred in attempt to collect the rent is deductible.
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‎February 8, 2023
6:48 PM