You'll need to sign in or create an account to connect with an expert.
Yes.
Rent is taxable in the year that the money is received (assuming that you are a cash basis taxpayer). Since the payment was not received until 2018, the money is not taxable until 2018.
Yes.
Rent is taxable in the year that the money is received (assuming that you are a cash basis taxpayer). Since the payment was not received until 2018, the money is not taxable until 2018.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
kbda
Returning Member
roscoedillon
Level 2
stong
Level 3
BrianTArizona
New Member
DWer
New Member