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Rental property - Utility Bill Refund booking


Rental property had vacancy, and property management company paid utility bills and charged me.  After some time when it got occupied by tenant, due to some pro-ration, utility company sent a refund check in my name, and property management gave it to me.

How do I book this refund for Schedule E?    Should I just do the math (add utility expenses, and then subtract the refund to arrive at the net utility expense) and add in those as the net expense?

Thank you

1 Reply
Expert Alumni

Rental property - Utility Bill Refund booking

Yes, you would just do the math and reduce the utility expense by the amount of the refund that you received. Enter that amount as the utility expense in Schedule E for the rental.

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