Are rents considered part of gross income?

Rents are considered part of gross income because they represent a source of income received by property owners. According to the IRS guidelines, all income from whatever source derived, including rental income, must be reported on a tax return. This encompasses both residential and commercial rent payments, as they are part of the revenue generated from leasing property. When property owners receive rental payments, these amounts are included in their total income for tax purposes, thus contributing to their gross income.

In contrast, other responses, which suggest that rents should not be included or that only specific types of rents are considered, do not align with the comprehensive definition of gross income as established by tax law. All rent collected is income and should be accounted for when determining taxable income.