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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.