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ImAndy
Level 1

Rental Property - refunded rent exceeding current year rent and then sold

We collected rent in 2023 that paid for rent in 2024 through September.  We then sold the property in May of 2024 and have ZERO 2024 income for this property. We then had to refund tenant the remaining months for which they had paid but we had sold.

 

How do we get credit for refunding the rent that we paid taxes on in 2023 when it was reported as income?

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yesterday
last updated ‎December 27, 2024 4:24 PM
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