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Updated about 4 years ago on . Most recent reply

Brandon Heimsoth's profile image
Brandon Heimsoth's profile image
Brandon Heimsoth
  • Investor
  • from Maryland Heights, Missouri
  • Member since Jun 1, 2016
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Brandon Heimsoth's profile image
Brandon Heimsoth's profile image
Brandon Heimsoth
  • Investor
  • from Maryland Heights, Missouri
  • Member since Jun 1, 2016
Connect
Brandon Heimsoth
  • Investor
  • Maryland Heights, MO
36
Votes |
55
Posts
General Landlording & Rental Properties

How do I report year end expenses?

Brandon Heimsoth
  • Investor
  • Maryland Heights, MO
Posted

I'm new to the whole management thing.  As for year end expenses, which year do I report them for?  For instance, if I pay for maintenance by credit card in 2020 but don't pay the credit card until 2021, do I report those costs in 2020 taxes?  What about receiving January 2021 rent in 2020?  I'm sure these are stupid questions to most but I continue to learn.

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