I received rent payment January 2, 2018 but is was reported on 1099 from 2017. Can I deduct the January rent from the 1099 for 2017 and report in 2018?

kgaiser — Mon, 03 Jun 2019 20:16:48 GMT

Yes. Rent is taxable in the year that the money is receiv...

Phillip1 — Mon, 03 Jun 2019 20:16:49 GMT

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.

Include the full 1099-MISC in your rental income, and in the list of miscellaneous deductions add a deduction that is labeled "Rental income received in 2018".
Keep detailed records for the receipt of your rental income that substantiates the fact that the payment was received after the 12/31/17

topic I received rent payment January 2, 2018 but is was reported on 1099 from 2017. Can I deduct the January rent from the 1099 for 2017 and report in 2018? in Investors & landlords

I received rent payment January 2, 2018 but is was reported on 1099 from 2017. Can I deduct the January rent from the 1099 for 2017 and report in 2018?

Yes. Rent is taxable in the year that the money is receiv...