Quicke 2017 R & P Windows- I had a tenant that did work in my building. They gave me check for wor

Annette C Hammond

Deposits as non income in Rental property

Tom Young

Why would a tenant who did work FOR YOU give you a check?  Seems like any checks "for work done" would go the other way, either as payment for their labor or reimbursement for materials. 

Why did the tenet give you a check, and for what? 

Not every check you receive associated with a check handed to you buy a tenet is necessarily "rental income", it could be a reimbursement of a cost YOU incurred for something on behalf of a tenant.  If that's the case then the deposit would be entered as a reduction of the cost you incurred, an offset against whatever Account or Category you used when you incurred the cost.

Unknown

If you make a deposit into a rental account that isn't related to the property simply write a check from that rental account to your personal account to zero the account.

Annette C Hammond

NotACPA

volvogirl

NotACPA