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Financial Planning / Tax Strategies


Subject:  Re: Rental Question Date:  3/12/2013  11:42 AM
Author:  ptheland Number:  118039 of 127512

Recognize the income when you received it. It is simply late rent as far as you are concerned, irregardless of the date of the check.

It was probably income when the property manager collected the rent on behalf of the owner.

The manager's theft of the money and subsequent reimbursement for the theft loss are separate issues.

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