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Updated almost 3 years ago,
CPA Input: Recognize Past Due Rent
Hey Folks, looking for a little knowledge: my tenant applied for a COVID rent assistance program in October 2021, they did not pay November/December 2021 rent. The COVID assistance program paid the rent amounts in Feb 2022.
I'd like to recognize the rent earned in November/December 2021 even though I did not receive it until Feb 2022. Is this possible?