turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Schedule E: Prepaid (Advanced) Rent Expense

As non-Real Estate Professional, I returned a portion of prepaid rent to my military tenant due to a mid-month move out.  To confirm:  Since prepaid (advanced) rent is included in rental income (1099-MISC) I should be able to deduct the returned rent as an expense as long as it occurs within the same year (Cash Accounting)?  If So, is there common language used on Sched E, Line 19  to describe the expense?  I currently have "Advanced Rent Refund" as a description.  Thank you.

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Schedule E: Prepaid (Advanced) Rent Expense

You are correct.  

Schedule E: Prepaid (Advanced) Rent Expense

Thank you.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies