Discuss
Discover
  • Community basics
    • Support
  • TurboTax™
    • TurboTax.ca
    Open TurboTax

    Why sign in to the Community?

    • Submit a question
    • Check your notifications
    or and start working on your taxes
    Close icon
    Do you have a TurboTax Online account?

    We'll help you get started or pick up where you left off.

    Yes No
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 
    Announcements
    Find CRA error Netfile information >> HERE!
    virajcanadaturbo
    New Member

    Is prepaid rent taxable in the year it was received? For example, is prepaid rent for 2023 taxable in 2022 if it was received in 2022?

     
    posted
    ‎April 7, 2023 12:33 PM
    last updated ‎April 07, 2023 12:33 PM
    0
    1
    155
    Reply
    1 Reply
    TurboTaxGinette
    Intuit Alumni

    Is prepaid rent taxable in the year it was received? For example, is prepaid rent for 2023 taxable in 2022 if it was received in 2022?

    To help you please see our TurboTax FAQ. You will need to choose the method that's right for you as seen in this link: Choosing An Accounting Method for Rental Income 

     

    Thank you for choosing TurboTax.

    ‎April 12, 2023 7:21 AM
    0
    149
    Reply

    Related Content

    bbnumber1
    cmmfaria
    sim-dumbleton
    a_risk
    MM2025