tax question.landlord bonus's.

Dave from MN · Nov 21, 2011

HAve paid all my 2012 land rent, usually try to do by the fall property tax due date. I am now writing checks for market bonus's for the landlords and was wondering if the bonus's can be expensed same as rent, or something else? Bonus's are not part of any agreement, just a thank you since I have very good landlords.

mudcat49 · Nov 21, 2011

Send them a 1099!

IaGary · Nov 21, 2011

Still call it rent and deduct it.

I do.

I believe Christmas bonus checks are taxable for the employee and deductible for the employer.

That is the way my employer handled it. And so does our coop when they bonus's to the employees

Gary

aFORDable · Nov 21, 2011

Yes, bonuses can be counted as rental expense. Just make sure you get documentation from the landlord such as a receipt.

Anonymous-0 · Nov 21, 2011

Bonus? Wow, bet I don't get one of those.

David G · Nov 21, 2011

Agreed, they can be deducted, send a 1099.

David G · Nov 21, 2011

Agreed, they can be deducted, send a 1099.

David G · Nov 21, 2011

Agreed, they can be deducted, send a 1099.

tax question.landlord bonus's.

Dave from MN

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mudcat49

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IaGary

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aFORDable

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Anonymous-0

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David G

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David G

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David G

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