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Investors & landlords
Yes, you can deduct these fees because legal fees for your rental property are considered a business expense.
You enter the deduction on Schedule E.
To enter in TurboTax Premier:
Login
Go to Federal
Income & Expenses
Rental Properties and Royalties (Sch E), click Start
Go to Expenses
Enter as Professional Fees
For more information about allowable business expenses, follow this link: IRS on Rental Property
‎June 5, 2019
11:58 PM