rental income

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rental income

Money collected from tenants for the use of space. On financial statements, money collected as late fees, from the use of laundry machines, or as forfeited deposits (unless credited to rent) should not be included in rental income but should be listed separately or under “miscellaneous income.”

Rental Income

Income received by the taxpayer for allowing another person's use of the taxpayer's property. Rental income includes advance rental payments, late payments, and current payments. Payments received for lease cancellation and forfeited security deposits are rental income the year received or forfeited. Rental income is considered passive income for purposes of the passive loss rules, except for that of qualified real estate professionals.
References in periodicals archive ?
Our clients have achieved impressive rental income growth and improved occupancy using RENTmaximizer as part of their Yardi Multifamily Suite full-business solution.
This sustained positive performance was largely driven by stable rental income growth across all properties.
This acquisition diversifies ENBD Reit's asset mix into retail, and will enhance the rental income return profile of the portfolio.
The annualised rental income continues to grow and passed the AED 200 million mark as of August 2017.
We have further assets under offer and we are confident of achieving our contracted rental income and progressive dividend objectives.
Additionally, from within our existing portfolio, we have in excess of GBP 500,000 of potential rental income from agreed lettings which are progressing through our legal pipeline.
The President FPCCI appeals to Federal Minister for Finance to charge uniform rate of 10% tax on rental income to lower the cost of warehousing and cost of doing business with full and final settlement of tax liability.
The IRS offers these tips on reporting rental income from a vacation home such as a house, apartment, condominium, mobile home or boat:
The exact amount of her rental income was not known as it is yet to be declared.
Just over 10% of landlords said their rental income had increased by between 2% and 4%, whilst 13% of landlords increased rents above that level.
Under the plan, the government will allow local enterprises to utilize plots of public land in downtown urban areas for carrying out BOT (build-operate-transfer) projects and then issue securitized products on the basis of expected rental income, thereby raising large sum of fund.
This is the rental income expressed as a percentage of the purchase price.

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