Recieved a Cash for Keys payout for a property I was renting on January 1st. The check however was written for December 2016. Do I count this as 2016 or 2017 income?

jcheaky · ‎May 31, 2019

We moved out of property on Dec 30th.

PatriciaV · ‎May 31, 2019

Yes, according to the IRS, Cash for Keys payments are taxable income for the year you received the payout. Regardless of when the check was written, if you received the check in 2017, the income would be reported on your 2017 tax return (not due until April 2018).

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Recieved a Cash for Keys payout for a property I was renting on January 1st. The check however was written for December 2016. Do I count this as 2016 or 2017 income?

Recieved a Cash for Keys payout for a property I was renting on January 1st. The check however was written for December 2016. Do I count this as 2016 or 2017 income?

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Recieved a Cash for Keys payout for a property I was renting on January 1st. The check however was written for December 2016. Do I count this as 2016 or 2017 income?

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Recieved a Cash for Keys payout for a property I was renting on January 1st. The check however was written for December 2016. Do I count this as 2016 or 2017 income?

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