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Can debt cancelled on a rental building be treated as rental income?

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Level 15

No

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

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Level 15

No

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

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Level 8

Hmm...not to be at odds with IRonMaN but  I would generally consider income associated with a rental property as rental income even if it was canceled debt.  I wonder why you are asking the question?

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