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Deductions & credits
@Opus 17 no issue on the seller side of this transaction, but from the buyer's perspective, an inducement to vacate a property, isn't that taxable income?
if a tenant in a property is induced to leave, which appears to what is occurring here, isn't that is taxable income to the tenant? I wonder if that is why the tenant (also the buyer) wants to mask the true purpose of the inducement - so it's not reported as current year income (1099-MISC) .
‎August 29, 2024
7:46 PM