https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-rented-our-condo-for-part-of-2016-and-2017-but-collected-the-entire-rent-in-2016-do-i-report-the/01/495597#M20852 <P>We rented our condo for a three month period from 12/1/2016 to 2/28/2017.&nbsp; The entire rent amount was collected in 2016.&nbsp; Do we only claim the rent that was for the time rented in 2016, or the entire amount?<BR /></P> Wed, 05 Jun 2019 01:34:14 GMT Anonymous 2019-06-05T01:34:14Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-rented-our-condo-for-part-of-2016-and-2017-but-collected-the-entire-rent-in-2016-do-i-report-the/01/495597#M20852 <P>We rented our condo for a three month period from 12/1/2016 to 2/28/2017.&nbsp; The entire rent amount was collected in 2016.&nbsp; Do we only claim the rent that was for the time rented in 2016, or the entire amount?<BR /></P> Wed, 05 Jun 2019 01:34:14 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-rented-our-condo-for-part-of-2016-and-2017-but-collected-the-entire-rent-in-2016-do-i-report-the/01/495597#M20852 Anonymous 2019-06-05T01:34:14Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/irs-calls-this-advance-rent-and-advises-that-you/01/495605#M20854 <P>IRS calls this "advance rent" and advises that ". . .you include any advance rent paid in income in the year you receive it regardless of the period covered or the method of accounting you use."(<A href="https://www.irs.gov/taxtopics/tc414.html" rel="nofollow" target="_blank">https://www.irs.gov/taxtopics/tc414.html</A>)<BR /></P> Wed, 05 Jun 2019 01:34:16 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/irs-calls-this-advance-rent-and-advises-that-you/01/495605#M20854 ThomasM 2019-06-05T01:34:16Z