"Cash for Keys" a taxable expense?

6 Replies


      I recently did a sort of "cash for keys".   I had a tenant that said they would rather be evicted than leave and rather than go through that I got them a hotel room for a while. 

      Should I throw away the receipt for for this hotel room or should I put it in the file with the other property expenses for the 2015 tax year?   

      Any experience, thoughts, on this one?   



Thanks Asa.......I'm my accountant.   I do have an accountant I can ask if we get stuck but thought I'd try here first.   Receipt has been saved for now.  Thanks.