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Updated about 4 years ago,

User Stats

73
Posts
16
Votes
Joseph Rios
  • Investor
  • Paterson, NJ
16
Votes |
73
Posts

Cash for keys = Donation? 🤔

Joseph Rios
  • Investor
  • Paterson, NJ
Posted

Hello BP community,

I will be doing my first cash for keys tomorrow and if everything goes well the tenant will be vacating the promises. This is a tenant that I inherited with the property. They asked for money for their new apartment since apparently they really need it. Like any other person I hate losing money especially during these difficult times. Is there a way this cash for keys amount ($1 200) can count as a donation? It would be nice if I could at least take advantage of this during tax season.

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