pmoscar794
Returning Member

Business & farm

Thank you so much for your reply.

I actually don't know how the landlord came up with the $112000.  Our lease was 5 years.  The total amount of the lease was $150000.  I assume its the balance of the lease.  Per an email he is saying its his loss of rent.  We went out of business in 2019.  We were evicted for non-payment of rent.  He filed a claim - negotiated, filed a lawsuit against us, etc.  Anyway, the negotiation ended up being a payment of $30000, which we paid.  Per the settlement agreement in the mind of the court, and per the court documents which he signed, he agreed the lease was terminated on 11/1/2019.  Since the court terminated the lease formally on 11/1 based on the 30k payment not sure how he can claim loss of rental income or debt forgiveness.  There is nothing about forgiving the debt in the court doc's just that he agreed the lease was terminated 11/1/2019.  Not sure if this makes a different or not.  I already filed taxes, took all the loses and closed the business down in 2019 tax filing.