Legal fees to settle a business debt - are these tax deductible in Schedule C?

thejourneyinprog · Jun 3, 2019 11:34:27 AM

<P>I settled a busines debt for my LLC, I am the only member of that LLC. Can I deduct attorney feed and settlement paid on Schedule C? Please advise l. Thx</P>

vanminhcao

Returning Member

i itemized deduction on federal return, need to input property tax adjustment in excess of $10,000 on Schedule CA(540) , part II, line 16

in Deductions & credits

cmallari

New Member

If I deduct the entire cost in one year of my business van, do I have to recapture the depreciation no matter when I sell it?

in Business & farm

kelley-bower

New Member

Where can I add unreimbursed business expenses for a partnership so that it goes into a Schedule E?

in Business & farm

longcornet

New Member

Schedule C for spouses doing business together

in Deductions & credits

Shawn B1

Returning Member

Auto Depreciation of one vehicle on two separate schedule Cs....

in Deductions & credits

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