Asked by Felix Miranda on May 07, 2024

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If a tenant pays an expense normally paid by the taxpayer (landlord)in lieu of rent (or the full rent),that expense is not considered part of rental income to the taxpayer.

Rental Income

is the income received by property owners from leasing out real estate properties, such as buildings or land.

  • Comprehend the tax treatment of capital improvements and additional expenditures incurred by tenants.
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HP
Helen PeaceMay 09, 2024
Final Answer :
False
Explanation :
When a tenant pays an expense that is normally the responsibility of the landlord, this payment is considered part of the rental income for the landlord for tax purposes.