Dear Experts, I am selling my income property. The buyer asked us to credit him $15,000 relocation fee to vacate a specific unit at the close of escrow. However, he prefers that we just list “credit of $15,000 to buyer” in the closing statement and not mention “relocation fee”. Two questions: 1) Is it OK not to specify what the credit is for in the closing statement? 2) Will it cause any trouble if IRS audits us? Thanks!
