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Can I claim personal loss on legal fees and settlement
Hello, I have filed my taxes this year with Turbotax ,
I had to pay 60k in a settlement and lawyer fees during 2022 ,
how to amend my tax returns to claim this amount as loss?
I have paid a settlement for being sued plus the legal fees for my personal attorney , so it was a personal loss ,
I was the guarantor of a lease for a commercial property, I sold the business in 2015 , then the buyer broke the lease in 2020, the landlord sued all parties including me , that’s why I had to pay the settlement in 2022
thank you
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March 21, 2023
8:48 AM