Trulia San F…, Other/Just Looking in San Francisco, CA

When you get bought out of a San Francisco rental, are the cash proceeds deductable?

Asked by Trulia San Francisco, San Francisco, CA Wed Feb 13, 2013

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I believe that if you are the tenant being bought out, the proceeds may be taxable income to you.

If you are the landlord buying out a tenant. the payment might be a deductible business expense.


Please consult a CPA or tax attorney for definitive tax advice, however
0 votes Thank Flag Link Wed Feb 13, 2013
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