Discussion:Uncollectible Rent
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| Revision as of 01:24, 10 April 2009 Trillium (Talk | contribs) (move from tax forum to consQ - no profile) ← Previous diff |
Revision as of 02:58, 10 April 2009 Rgtaxservice (Talk | contribs) (Cash basis taypa) Next diff → |
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| {{ForumNewPost|UserID=BMA|Date=10 April 2009|Text=I am trying to determine where to put the bad debts on rent that could not be collected from tenants. Could it be offsetted against income or list it under other expenses as a bad debts? There is no specific line for it on Schedule E. Client has inherited several apartment buildings and suffered a lot of losses from uncollected rent.}} | {{ForumNewPost|UserID=BMA|Date=10 April 2009|Text=I am trying to determine where to put the bad debts on rent that could not be collected from tenants. Could it be offsetted against income or list it under other expenses as a bad debts? There is no specific line for it on Schedule E. Client has inherited several apartment buildings and suffered a lot of losses from uncollected rent.}} | ||
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| + | {{ForumReplyPost|UserID=Rgtaxservice|Date=10 April 2009|Text=Cash basis taypayers can't deduct unpaid rent as a bad debt. The unpaid rent was never claimed as income in the first place.}} | ||
Revision as of 02:58, 10 April 2009
Discussion Forum Index --> Consumer Questions --> Uncollectible Rent
| 10 April 2009 | |
| I am trying to determine where to put the bad debts on rent that could not be collected from tenants. Could it be offsetted against income or list it under other expenses as a bad debts? There is no specific line for it on Schedule E. Client has inherited several apartment buildings and suffered a lot of losses from uncollected rent. | |
Rgtaxservice (talk|edits) said: | 10 April 2009 |
| Cash basis taypayers can't deduct unpaid rent as a bad debt. The unpaid rent was never claimed as income in the first place. | |
