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Augustana College: When is advance rent reported?

By CollegeHousing.ai · Source record dated

DIRECT ANSWER

Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.

Publication 527 says advance rent is included in rental income in the year received, regardless of the period covered or accounting method.

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