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April 7, 2023
Question

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?

  • April 7, 2023
  • 1 reply
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    1 reply

    April 12, 2023

    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.