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trapperlon
Level 2
December 7, 2019
Solved

PURCHASED RENTAL PROPERTY IN 2018 AND PURCHASED FUTURE RENTAL INCOME IN 2019. CAN LANDLORD WRITEOFF PURCHASED 2019 RENTAL INCOME IN 2018?

  • December 7, 2019
  • 3 replies
  • 15 views
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Best answer by abctax55

I'm guessing there were either rent deposits, OR the closing happened mid-month and the rents paid to the original owner were pro-rated thru escrow.

(That's my first mind-reading attempt for the week :smile:)

3 replies

abctax55
abctax55Answer
Level 15
December 7, 2019

I'm guessing there were either rent deposits, OR the closing happened mid-month and the rents paid to the original owner were pro-rated thru escrow.

(That's my first mind-reading attempt for the week :smile:)

HumanKind... Be Both
IRonMaN
IRonMaN
Level 15
December 7, 2019

I'm confused.  If he purchased the property in 2018 why would he be purchasing future rental income in the following year?  As a side note, please don't use all caps.  It's hard for us old people to read.

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December 7, 2019
what is purchased rental income?
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