rbyu
Level 2

real esate investment, legal settlement

Hi,

 In 2020, Ex partner on an investment property tried to sue me for property title in 2020.  I won.   We settled in 2021 in mediation. I do expect a misc 1099 for 2021 by year-end. Question… Can I claim all my 2020 legal fees in 2021?  I am guessing I can claim all legal fees in 2021 once I get a misc-1099 from title company or whoever is responsible.  Can someone please let me know.

Thanks,

RB