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What else can I help you with?
Is rent paid by an employer considered taxable income?
Yes, rent paid by an employer is generally considered taxable income for the employee.
Is paying rent considered a liability?
If rent is payable then it is liability for business but if rent is already paid then it is not liability but it is expense.
Is rent included in accounts payable?
Yes, it can be, if rent for the following month is not paid prior to the month end. if not, you put it under prepaid rent because you already paid for it.
Is free rent considered taxable income?
Yes, free rent is generally considered taxable income by the IRS.
Is rent collected from the lease of a residential building taxable?
Of course. All income is taxable and rent received for anything is taxable income. You will file this on Schedule E of your 1040 tax return.
When will you get your rent refund?
On Anual basis.
Is free rent considered a taxable gift?
Yes, free rent can be considered a taxable gift if it exceeds the annual gift tax exclusion amount set by the IRS.
Is the free rent provided to apartment managers considered taxable income?
Yes, the free rent provided to apartment managers is generally considered taxable income by the IRS.
Did rent rebate stop in minnesota?
No. It has been reduced from 19% of rent paid to 15% of rent paid.
What does ABP mean in classified adds...room for rent?
It probably means "All Bills Paid" or "Already Been Posted".
Are rent payments from family members considered taxable income?
Yes
What if Tenant decides not to move in 10 days after a lease was signed rent paid keys received is he entitled for a prorated or full refund or looses entire 1st month rent NY?
Yes, and the tenant might owe the next month as well.
