Are the legal expenses to collect a default business loan deductable as a legal expense on the Business and Income section?

[alpianalto]

In 2012 I made a loan from my personal business that went into default in 2016 so I filed suit in civil court to collect the money due.  Are the legal expenses I incurred in 2017 deductible as a legal expense of the Business Income and Expenses section of my return?  If not where can I report the legal fees I paid?

[JulieH1 · Accepted solution]

Yes.

Legal expenses paid related to business or the production of income are deductible.

List in under expenses.