Can I divide the full amount I have received for a 3 year lease by 1/3 per year for the years to which it applies?

diane2861 · ‎June 4, 2019

MinhT · ‎June 4, 2019

No. You have to report as rental income the full amount you received, even if the amount covers the 3 years.

Please see this IRS document, in particular the paragraph on Advance rent:

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MinhT · ‎June 4, 2019

No. You have to report as rental income the full amount you received, even if the amount covers the 3 years.

Please see this IRS document, in particular the paragraph on Advance rent:

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**Mark the post that answers your question by clicking on "Mark as Best Answer"