I have a house that I just moved out of in July and found a tenant who moved in August 1st, 2008. She paid an entire 12 month lease up front. Do I need to claim the entire payment as income for my 2008 taxes, then a large loss for 2009? I'm concerned about the tax hit for 2008 tax year. This is my first rental/landlord experience. Where can I go for more information online? Thank you!