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Lease buyout fee

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PacCPA
Level 1

Can a business deduct a fee paid to previous tenant to be able to move into a facility and generate a new lease with the landlord?

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2 Replies 2
All-Star

Sounds like a cost of acquiring the lease, amortizable over the lease term, to me. 

PacCPA
Level 1

that's what I was leaning towards - thanks for the comment 🙂 - I was hoping to get the deduction in the year incurred but not the best treatment

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