If a person receives money to move out of the apartment is that money taxable? Landlord pays tenant to move, who pays the taxes?

Landlord buyout tenants. Do tenant pays taxes on money received?

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If a person receives money to move out of the apartment is that money taxable? Landlord pays tenant to move, who pays the taxes?

Buyouts are considered taxable income.

The tenant pays taxes that will be due during the same quarter when the payment is received.

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If a person receives money to move out of the apartment is that money taxable? Landlord pays tenant to move, who pays the taxes?

How/where is this entered in turbotax?

If a person receives money to move out of the apartment is that money taxable? Landlord pays tenant to move, who pays the taxes?

Buyouts are considered taxable income.

The tenant pays taxes that will be due during the same quarter when the payment is received.

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