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Updated over 8 years ago on . Most recent reply

User Stats

649
Posts
52
Votes
Steve S.
  • Dallas, TX
52
Votes |
649
Posts

How to manage expenses paid for on my behalf by someone else?

Steve S.
  • Dallas, TX
Posted

I had a family member on one of my rentals make several purchase for a house i bought out of town (but in town for them).  

The total expenses added up to about $4,000 across several different purchases. 

Is there anything special I need to do from a tax perspective?  They have receipts for most of the purchases and I will be reimbursing them for the full amount.  

Thoughts?

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