Question about taxes and rent receipt

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Greenie
Posts: 101
Joined: October 17th, 2013, 3:29 pm

Question about taxes and rent receipt

#1 Unread post by Greenie » December 13th, 2017, 9:48 am

I found a new tenant with excellent credit and employment verified. The tenant is moving in on Jan. 1, 2018; we just signed the lease and the tenant provided 4 months of rent payment (they offer to do that, not my demand) as a deposit (last month + first 3 months) as well as post-dated cheques for the remaining months in the lease.
Since the deposit is provided in Dec. 2017, do I provide the 2017 receipt for the full 4 months? and do I file all the 4 months as 2017 rental income?
Thanks

1stprop
Posts: 337
Joined: February 19th, 2016, 3:39 pm

Re: Question about taxes and rent receipt

#2 Unread post by 1stprop » December 13th, 2017, 1:46 pm

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