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Get your taxes done using TurboTax
Hi DianeW777,
I paid lawyer fee for a living trust for my own home as well as my rental property. Can I simply expense the "portion" of rental property using your method in Schedule E? I mean to expense the living trust costs as "Legal and other professional fees" category (line 10 of Schedule E)?
Why do I need to issue an 1099-NEC form to the lawyer? It sounds very complicated to me.
March 25, 2024
1:07 PM