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June 1, 2019
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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?

  • June 1, 2019
  • 2 replies
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Landlord buyout tenants.  Do tenant pays taxes on money received?
Best answer by view2

Buyouts are considered taxable income.

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

2 replies

June 1, 2019
How/where is this entered in turbotax?
view2Answer
June 1, 2019

Buyouts are considered taxable income.

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