one more time:
@jlo90275
<<The $15,000 is the credit for relocation fee for the current tenant in that unit. >>
How you wrote this simply is not clear - is this the current tenant of YOUR property that you are selling to this buyer? And the buyer is going to incent the tenant to leave, which really means you two mutually agreed to incent the tenant to move to facilitate the trade? If so, I would be a little weary of that involvement as it gets murky who is responsible for issuing the 1099-MISC to the tenant - the buyer or the seller. The tenant should report that money as income (but not your concern whether it occurs or not)
Why does the buyer care how it is reflected on the closing statement? he doesn't have any income to report on his tax return in any event.
Does the the lawyers / title agent mind obfuscating the true intent of the money transfer? I'd ask.
