I paid $3000 out of my business account to the defendant as part of a small claims court settlement against my rental property for water and mold damage to personal items can I write this off? If so, using what form?
Also, do I need to report the individual's name and payment amount to the IRS?
We provide you with a way to opt-out of advertising activities on our websites
We leverage outside service providers who assist us with our marketing and advertising activities. Note: by opting-out of this tracking, you may still see Intuit advertisements, but they may not be tailored to your interests.