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ddkoontz
New Member

Can I file a deduction on my rental property for legal fees pertaining to protection against an easement?

 
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IreneS
Intuit Alumni

Can I file a deduction on my rental property for legal fees pertaining to protection against an easement?

Yes.  You can include the legal fees to protect against an easement as an expense for your rental property.

 

  1. Click on Federal  > Wages & Income 
  2. In the Rentals, Royalties, and Farm section click on the Start/Revisit box next to Rental Properties and Royalties (Sch E).  
  3. On the Income from Rentals or Royalty Property You Own  screen, click Yes.
  4. If you have already started adding information about your rental, you will come to the Rental and Royalty Summary screen.  Click on the Edit box next to the property. 
  5. On the screen, Review Your [property] Rental Summary click the Start/Update box next to Expenses.  
  6. On the Enter Common Expenses screen, enter the legal fees in the Professional fees box. 


[Edited | 4/15/2020 | 8:05am PDT]

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1 Reply
IreneS
Intuit Alumni

Can I file a deduction on my rental property for legal fees pertaining to protection against an easement?

Yes.  You can include the legal fees to protect against an easement as an expense for your rental property.

 

  1. Click on Federal  > Wages & Income 
  2. In the Rentals, Royalties, and Farm section click on the Start/Revisit box next to Rental Properties and Royalties (Sch E).  
  3. On the Income from Rentals or Royalty Property You Own  screen, click Yes.
  4. If you have already started adding information about your rental, you will come to the Rental and Royalty Summary screen.  Click on the Edit box next to the property. 
  5. On the screen, Review Your [property] Rental Summary click the Start/Update box next to Expenses.  
  6. On the Enter Common Expenses screen, enter the legal fees in the Professional fees box. 


[Edited | 4/15/2020 | 8:05am PDT]

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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