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General Landlording & Rental Properties

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Kyle Hipp
  • Investor
  • Appleton, WI
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Damages write-offs

Kyle Hipp
  • Investor
  • Appleton, WI
Posted Aug 23 2014, 23:30

Lets say you have a tenant evicted or lease termination and they have $2,000 in damages charges beyond their security deposit. If one gets a judgement against the tenant for that amount can I forgive that debt and issue them a 1099 for forgiving that debt and then write it off on my taxes? This seems like it would be the most beneficial path forward when a past tenant is uncollectable.

Thanks in advance

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