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    #1

    Ttb Page 7-5?

    RE: Rental Real Estate under Income (Expenses paid by tenant.) It says if a tenant pays $500 to paint an apartment, $500 is reported as rental income AND $500 is deducted as maintenance expense.
    I always put this painting under Repairs. Can someone explain this. I can put it BOTH places? Thank you.
    Tags: None
    #2
    Repairs, maintenance....take your pick. It really does not matter.

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      #3
      Originally posted by Bees Knees
      Repairs, maintenance....take your pick. It really does not matter.
      Yes I know but do you put it under INCOME too? I never did, just Repairs.

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        #4
        I am sure it is deducted from the tenants rent. The landlord will report the $500 as income and $ 500 as an expense- whether you want it as repairs or maintenance
        Everybody should pay his income tax with a smile. I tried it, but they wanted cash

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          #5
          Originally posted by Unregistered
          Yes I know but do you put it under INCOME too? I never did, just Repairs.
          The landlord cannot take an expense deduction for something paid by the tenant, unless it is first counted as rental income.

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