AlienCraft
Lifer
- Nov 23, 2002
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Originally posted by: freedomsbeat212
Originally posted by: AlienCraft
That's cool. He owed you guys money right? If so, write him a receipt and claim "Balance Paid In Full" and you can deduct this from Federal and maybe State income taxes, either as a gift, or as a bad debt.Originally posted by: freedomsbeat212
*UPDATE*
His room has been emptied out, the stuff that he left behind moved to our living room. I was very slick and offered him $50 for his furniture (my new roommate's new to the country and has nothing yet - we saw the same stuff at Ikea today selling for 3 or 4 times that) and he accepted - so Tilly benefitted and we kinda screwed him over for being in a desperate situation that was his doing. It also means that he has less stuff to take out, a win-win situation...He has until monday to take what's left of his personal belongings.
I'm not totally clear on that final point - write him an itemized bill of what he owes, write that we paid it and then submit it with our taxes?
You only need the receipt if audited. But yes, that's correct.
