General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago,
Consequences of not reporting rental income
This is just out of pure curiosity. What would happen if one decided not to report rental income? Let's say the tenant paid in cash each month.
How would the IRS find out?
This is purely hypothetical, I'm not suggesting anyone do this. But curious of the reprocussions