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Tagged with bookkeeping rental-property
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Bookkeeping accounts for rent-to-own property
I own a house which I'm renting to tenants. We've entered a long-term rent-to-own contract, where the principle portion of each mortgage payment becomes potential equity for the tenant. How do I ...
- 607
2
votes
1
answer
178
views
Book keeping setup for real property depreciation
I have a rental property. I'd like to set up my books such that:
the cost basis depreciable value of the house is reflected in an account,
the annual depreciation is recorded sensibly,
the initial ...
- 41