On May 11, the Oregon Legislature passed Senate Bill 282, extending the deadline for back rent payments until February 2022. This offers a significant reprieve for current and former renters who owe their landlords money for rent they couldn’t pay.

Is rent forgiveness tax deductible?

The IRS rules for landlords who use the cash accounting method are clear. Since rent debt represents uncollected income, landlords neither report it as income nor deduct it as an expense. However, any actual costs associated with evicting a tenant are deductible.

Has the eviction moratorium been extended in Oregon?

An eviction moratorium has been in place in Oregon since April 2020. In addition, last month Oregon lawmakers voted to extend the grace period for past due rent during the moratorium, allowing tenants to have until Feb. 28, 2022, to pay back rent.

How long do I have to pay back rent Oregon?

Oregon tenants now have until 2022 to pay back rent.

Can you be evicted in Oregon right now?

Moratorium on residential evictions in Oregon on the basis of nonpayment of rent or terminations without tenant cause. Oregon’s state-wide moratorium ended June 30, 2021, however, there are still protections in place for tenants related to the pandemic.

Do I report rent paid on taxes?

All rental income must be reported on your tax return, and in general the associated expenses can be deducted from your rental income. If you are a cash basis taxpayer, you report rental income on your return for the year you receive it, regardless of when it was earned.

How can I get my money back from rent?

Answer: You can start by using the tenant’s security deposit (if any) to cover the unpaid rent. If the deposit doesn’t cover the two month’s rent, you can sue your former tenant in small claims court (or a similar civil court) for the back rent.

How long is the eviction moratorium in Oregon?

60 days
The Governor recently signed Senate Bill 278, establishing a safe harbor period for renters that have applied for rental assistances and provide documentation to their landlord. This will pause eviction proceedings 60 days from the time documentation was provided to the landlord.

Do you have to pay taxes on forgiven loans in Oregon?

No, if employers met the requirements for loan forgiveness, the forgiven debt is excluded from gross income and is not taxable for the IRS or Oregon. The December 2020 stimulus bill approved by Congress clarified that partnerships and S corporations could treat the forgiven loans as tax exempt income.

What to do if you cant afford your rent in Oregon?

Renters must sign and return a form to their landlord if they can’t afford their rent. This form is available from the Oregon Judicial Branch. The Oregon Law Center has the form and more information in English and Spanish​ .

When is the deadline to pay rent in Oregon?

The Bill also created a Landlord Compensation Fund, and allocated money for tenant-based rental assistance. Oregon lawmakers then amended the payment deadline for all rents accrued during this time with Senate Bill 282 (“SB 282”) on May 11, 2021. This amendment extended the grace period for repayment of balances until February 28, 2022.

How to file a landlord’s declaration in Oregon?

The Oregon Law Center has the form and more information in English and Spanish​ . Tenant’s Declaration to Landlord under HB 4401​ (Unable to pay rent due to Coronavirus factors) Declaration to send to your landlord.