imaykut
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Rental listing company Homeaway/VRBO collects my rental income in advance.They collect it months in advance but don't pay me until the booking is in progress or...
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In this case, the money is credited to a middle man's account and held on my behalf.The money is not made available to me without restriction until the booking ...
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So even though the money is being held by another company (HomeAway/VRBO) I "Constructively Receive" it.Note:I don't get the money until the Guest Stays at my V...
Activity Feed for imaykut
- Posted What is the Capital Loss Carryover? on Investors & landlords. February 24, 2021 11:32 AM
- Posted What is the Capital Loss Carryover. I have no ide where this came from in my return and I can not delete it. on Investors & landlords. February 24, 2021 10:44 AM
- Posted Rental listing company Homeaway/VRBO collects my rental i... on Get your taxes done using TurboTax. June 6, 2019 9:25 AM
- Posted Thank you Coleen! on Get your taxes done using TurboTax. June 6, 2019 9:25 AM
- Posted In this case, the money is credited to a middle man's acc... on Get your taxes done using TurboTax. June 6, 2019 9:25 AM
- Posted So even though the money is being held by another company... on Get your taxes done using TurboTax. June 6, 2019 9:25 AM
- Posted The company that issued my 1099 uses accrual accounting I use cash accounting. Do I need to reconcile the two? on Get your taxes done using TurboTax. June 6, 2019 9:25 AM