topic I'm a realtor and had to pay a settlement to a contractor from a house flip. Can I deduct the settlement pymt as well as my legal fees? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/i-m-a-realtor-and-had-to-pay-a-settlement-to-a-contractor-from-a-house-flip-can-i-deduct-the/01/279648#M118681 <P>The property in question was sold in 2016 then contractor claimed monies owed, but case was not settled until 2018.</P> Mon, 03 Jun 2019 17:17:08 GMT d2snow 2019-06-03T17:17:08Z I'm a realtor and had to pay a settlement to a contractor from a house flip. Can I deduct the settlement pymt as well as my legal fees? https://ttlc.intuit.com/community/taxes/discussion/i-m-a-realtor-and-had-to-pay-a-settlement-to-a-contractor-from-a-house-flip-can-i-deduct-the/01/279648#M118681 <P>The property in question was sold in 2016 then contractor claimed monies owed, but case was not settled until 2018.</P> Mon, 03 Jun 2019 17:17:08 GMT https://ttlc.intuit.com/community/taxes/discussion/i-m-a-realtor-and-had-to-pay-a-settlement-to-a-contractor-from-a-house-flip-can-i-deduct-the/01/279648#M118681 d2snow 2019-06-03T17:17:08Z If these expenses were all a part of your business as a r... https://ttlc.intuit.com/community/taxes/discussion/if-these-expenses-were-all-a-part-of-your-business-as-a-r/01/279657#M118685 <P>If these expenses were all a part of your business as a realtor, then yes, they are tax deductible business expenses.<BR /></P> Mon, 03 Jun 2019 17:17:09 GMT https://ttlc.intuit.com/community/taxes/discussion/if-these-expenses-were-all-a-part-of-your-business-as-a-r/01/279657#M118685 DDollar 2019-06-03T17:17:09Z