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Updated almost 9 years ago,

User Stats

452
Posts
10
Votes
Michael Dunn
  • Olive Branch, MS
10
Votes |
452
Posts

Claiming Rent from Tennant as " Income " .....

Michael Dunn
  • Olive Branch, MS
Posted

Good Afternoon,

I have what is likely a basic question, but yet I am stumped on what the actual answer is.

My question is ...... I purchased a property via a Trustee , that had a Tennant/Renter living in the Mother-in-Law wing of this property for over 2 years .

Well I purchased this property 2 months ago and the Tennant is still in the Mother-in-Law wing renting it out .

Since I am now the new owner, can I not claim the Rent money as actual Income ?

Thank you for the input

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