Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Showing results for 
Search instead for 
Did you mean: 
New Member

Business deductions

Sold our business 3 years ago and am incurring legal expenses to recover funds from buyer. Are these deductible?
1 Reply
Level 15

Business deductions

Legal fees incurred  to recover taxable income are deductible on the Sch A if you itemize deductions.

Dynamic AdsDynamic Ads
Privacy Settings