CA Ellis Act - relocation assistance from Landlord
CA client received ~$24,000 from Landlord for relocation assistance due to Ellis Act.
Does anyone know if this $24,000 receipt is taxable to federal? Also, taxable to CA?
Thanks.
CA client received ~$24,000 from Landlord for relocation assistance due to Ellis Act.
Does anyone know if this $24,000 receipt is taxable to federal? Also, taxable to CA?
Thanks.
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