If the tenant breaks the contract and the owner managed to claim back the rental difference between the previous and current rental as well as part of the agent's commission, must this be reported in the income tax?
Junior
If the tenant breaks the contract and the owner managed to claim back the rental difference between the previous and current rental as well as part of the agent's commission, must this be reported in the income tax?
Senior
See no evil, tell no evil.
If go Chee By election better declare otherwise you decide.
Junior
Ya, I think better declare, don't get into trouble and pay more later.
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