Consuela was a tenant in a campus apartment. She is a student at State University. Her lease
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Consuela was a tenant in a campus apartment. She is a student at State University. Her lease began on August 1, 2018, and was due to expire on July 31, 2019- However, her landlord sold the building, and the new owner wanted to demolish it to build a retail building. Consuela s landlord paid her $1,000 to cancel the lease. Consuela received the $1,000 on November 30, 2018; moved out; and rented another apartment. How should Consuela treat the $1,000?
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Related Book For
South-Western Federal Taxation 2019 Comprehensive
ISBN: 9781337703017
42th Edition
Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young
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