- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I'm a realtor and had to pay a settlement to a contractor from a house flip. Can I deduct the settlement pymt as well as my legal fees?
The property in question was sold in 2016 then contractor claimed monies owed, but case was not settled until 2018.
Topics:
June 3, 2019
10:17 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
If these expenses were all a part of your business as a realtor, then yes, they are tax deductible business expenses.
June 3, 2019
10:17 AM