If I am paid for December rent in January (cash basis taxpayer) are rental/personal days for December included in the following year for usage calculations on 2nd home?
01642
1 Best answer
TaxGuyBill
Level 9
Jun 4, 2019 4:41:49 PM
No. The rental/personal days are entered when they actually happen. They are used to prorate the expenses. When you receive the income does not affect that.
1 Replies
TaxGuyBill
Level 9
Jun 4, 2019 4:41:49 PM
No. The rental/personal days are entered when they actually happen. They are used to prorate the expenses. When you receive the income does not affect that.