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Get your taxes done using TurboTax
Thx Mike. I kind of understand your point. However for offsetting amount, how much it should be? In my case if the offset amount is my upfront lease payment $5500, then $15000-$5500=$9500 is the taxable amount. However you mentioned attorney fees are not deductible, which is $10000. Does this mean I should offset $5000?
March 29, 2024
5:59 PM