Tenant paying your expenses instead of rent
Varies
Can You Write Off Tenant Paying Your Expenses Instead of Rent?
Short answer: When a tenant pays a bill that's yours, like the water bill, it's rental income to you, and you can deduct it if it's a deductible rental expense.
Pub 527 treats anything you receive for the use of the property, in cash or in kind, as rental income in the year you get it.
Records to keep: Keep leases, receipts, a log of repairs vs improvements, mileage to the property, and closing statements.
Tenant paying your expenses instead of rent
Varies
Real Estate / Landlords / Property Managers / Agents
When a tenant pays a bill that's yours, like the water bill, it's rental income to you, and you can deduct it if it's a deductible rental expense.
Business justification
When a tenant pays a bill that's yours, like the water bill, it's rental income to you, and you can deduct it if it's a deductible rental expense. Pub 527 treats anything you receive for the use of the property, in cash or in kind, as rental income in the year you get it.
Category
- Rental Property Write-Offs