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New Member
posted Apr 7, 2023 12:33:34 PM

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?

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1 Replies
Intuit Alumni
Apr 12, 2023 7:21:12 AM

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 

 

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