Effective January 1st, 2024, a change has been made to the income certifications in Yardi.
The Passbook Rate used to calculate Imputed Income has changed from .06% to .40%.
Please note this change if you ever have to make this calculation by hand. In most cases, however, Yardi will take care of it for you!
Remember that either the Imputed Income from Assets or the Actual Income from Assets is to be used, whichever is greater – not both. (See the example where the Actual Income from Assets was used.)
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