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    Can debt cancelled on a rental building be treated as rental income?

    chrisbator
    Level 1
    ‎12-07-2019 05:15 AM
     
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    IRonMaN
    Level 15
    ‎12-07-2019 05:15 AM

    No


    Slava Ukraini!

    View solution in original post

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    2 Comments 2
    IRonMaN
    Level 15
    ‎12-07-2019 05:15 AM

    No


    Slava Ukraini!
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    TaxMonkey
    Level 8
    ‎12-07-2019 05:15 AM

    Hmm...not to be at odds with IRonMaN but  I would generally consider income associated with a rental property as rental income even if it was canceled debt.  I wonder why you are asking the question?

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