Relocation Assistance Taxable

Report
Question

Please briefly explain why you feel this question should be reported .

Report
Cancel

My landlord tried to illegally evict me and as a result had to pay relocation assistance due to a city rent control ordinance. This wasn’t technically a lawsuit settlement because we made an agreement / settled out of court. Am I obligated to claim this on my taxes? Thank you!

solved 0
OMGINeedTaxHelp 3 months 1 Answer 161 views 0

Answer ( 1 )

  1. Please briefly explain why you feel this answer should be reported .

    Report
    Cancel

    Generally, if your landlord has to pay to break your lease, those payments are taxable at ordinary income tax rates.

    https://www.irs.gov/taxtopics/tc652

    Best answer

Leave an answer

Browse

Captcha Click on image to update the captcha .