Donna Hunter
Joined: 3/20/2025
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Final Dilaps payment
Our commercial tenant wants to be released from their lease early. They have not fulfilled any of their maintenance and repair obligations (a fully maintaining and repairing lease) over the last 8 years. We have served them with a final dilaps and estimated cost. Is this payment exempt from tax because it should have been spent over the last 8 years of lease? Also, where is there provision on my tax return for reporting all this?