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To: nickcarraway

Simple solution - declare the property as a vacation home. Continue to take cash.


6 posted on 04/14/2026 12:45:10 PM PDT by fruser1
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To: fruser1

We previously owned rental properties many years ago. We took all the rent payments however the tenant wanted to pay - cash or check, gave the tenant a receipt and reported all the rental income on the tax returns. It did not require any “electronic” system.

I cannot say that all rental income property owners were doing the same, but my perception is we in the U.S. did not have a culture of tax evasion on the issue.


8 posted on 04/14/2026 12:55:43 PM PDT by Wuli ( )
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