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Old 01-11-2008, 11:09 AM
cstatham cstatham is offline
Junior Member
 
Join Date: Jan 2007
Posts: 8
Are Security Deposits that are collected from Tennants Taxable?

I had a couple of questions related to rental properties.

1. Are the security deposits that I collect from my tennants includable in my rental income?

2. If not, what if I deposit these in my operating account and end up spending these, would these be taxable to me?

Thanks..
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