Jesse,
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VJW, how the heck is Rent received unearned?
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Earned income is generally wages (plus some etceteras). Unearned income is generally everything else. Interest, dividends, capital gains, and other investment income (which would cover rents).
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Unearned income to my accounting brain means someone has paid me upfront, and I haven't done the work yet.
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No, it has nothing to do with the timing of the receipt of the income. That might only effect the type of accounting ('accrual' versus 'cash basis').
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