I did not evaluate the deductibility of the attorney fees, However, you can make a negative adjustment on Schedule 1.
Go to:
- Wages & Income
- Less Common Income
- Select Miscellaneous Income, 1099-A, 1099-C
- Select Other Reportable Income
- Any Other Taxable Income? Select, yes.
- On the Other Taxable Income page
- Description: type in “Deductible Attorney Fees”
Amount: enter in the adjustment amount as a negative number
@LarrieN
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
