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June 6, 2019
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We had to pay our tenants $4500 for relocation assistance when we sold our rental property in Portland. Can this be listed as an expense?

  • June 6, 2019
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Best answer by Hal_Al

Yes. it will go on schedule E as other expenses.

1 reply

Hal_Al
Hal_AlAnswer
Employee
June 6, 2019

Yes. it will go on schedule E as other expenses.

March 7, 2024

Can you provide more details on why this County requirement should be treated as "other expenses"?  I was required to pay the same fees ($4,500) for relocation expenses.  These are government required fees (by law) and would seem to be closer to a County tax than "other expenses".  These are hardly incidental expenses.  Lumping these into "other expenses" seems rather general, rather than correctly categorizing them as government required fees or a tax.

 

DaveF1006
March 7, 2024

You can enter this as other expenses and you do have the opportunity to give the expense a name, which show the IRS what the expense is. In fact, this is more specific that merely listing this as a tax.  Here is how to enter.

 

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