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wilsondo
April 14, 2023
Question

Rental income loss

  • April 14, 2023
  • 2 replies
  • 0 views

Can a landlord deduct and file for uncollected rent due to a non-payment by the tenant?

2 replies

Carl11_2
Carl11_2
Employee
April 14, 2023

No. You just have less rental income to report. Therefore, you don't pay taxes on rental income you never received.

 

    CatinaT1
    CatinaT1
    April 14, 2023

    No, not unless you use the accrual method of accounting, which would require you to include the rent in your income, then you deduct a bad debt which offsets the income. 

     

    Assuming you did not include the rent as income, you can not deduct it.

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