rental income

[ardi600]

i have a client who received a 1099 for rent income. the rent period covers 2011, 2012, and 2013. so he received all the rent in advance. he owes all taxes on the whole amount in 2011 and he has to declare all the income in from 1099 in 2011, correct?

[Bill Tubbs]

Yep

i have a client who received a 1099 for rent income. the rent period covers 2011, 2012, and 2013. so he received all the rent in advance. he owes all taxes on the whole amount in 2011 and he has to declare all the income in from 1099 in 2011, correct?

Correct. http://www.irs.gov/businesses/small/...=98895,00.html