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barnato
New Member

Business deductions

Sold our business 3 years ago and am incurring legal expenses to recover funds from buyer. Are these deductible?
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‎June 6, 2019 6:37 AM
last updated ‎June 06, 2019 6:37 AM
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Critter
Level 15

Business deductions

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

‎June 6, 2019 6:37 AM
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