The Consolidated Appropriations Act, 2021, authorized funds to states and other political subdivisions to provide assistance to renters. The funds provide households with help to pay rent, utilities, and home energy expenses.
In FAQs (https://www.irs.gov/newsroom/emergency-rental-assistance-frequently-asked-questions), the IRS made it clear that renters who receive such assistance are not taxed on this financial help. This is so whether payments are made to them and then used for rent, utilities, and home energy expenses, or are made directly to landlords and utilities.
However, landlords that receive payments to cover the rent must include them in their gross income. The same is true for utilities.
Real property in which 80% or more of the gross income is from dwelling units. Under MACRS, depreciation is claimed over 27.5 years under the straight-line method.