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

trapperlon
Level 2
 
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abctax55
Level 15

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

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3 Comments 3
abctax55
Level 15

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
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IRonMaN
Level 15

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.


Slava Ukraini!
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Just-Lisa-Now-
Level 15
Level 15
what is purchased rental income?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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