topic Legal fees to settle a business debt - are these tax deductible in Schedule C? in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/legal-fees-to-settle-a-business-debt-are-these-tax-deductible-in-schedule-c/01/307494#M11052 <P>I settled a busines debt for my LLC, I am the only member of that LLC. Can I deduct attorney feed and settlement paid on Schedule C? Please advise l. Thx</P> Mon, 03 Jun 2019 18:34:27 GMT thejourneyinprog 2019-06-03T18:34:27Z Legal fees to settle a business debt - are these tax deductible in Schedule C? https://ttlc.intuit.com/community/business-taxes/discussion/legal-fees-to-settle-a-business-debt-are-these-tax-deductible-in-schedule-c/01/307494#M11052 <P>I settled a busines debt for my LLC, I am the only member of that LLC. Can I deduct attorney feed and settlement paid on Schedule C? Please advise l. Thx</P> Mon, 03 Jun 2019 18:34:27 GMT https://ttlc.intuit.com/community/business-taxes/discussion/legal-fees-to-settle-a-business-debt-are-these-tax-deductible-in-schedule-c/01/307494#M11052 thejourneyinprog 2019-06-03T18:34:27Z Yes. https://ttlc.intuit.com/community/business-taxes/discussion/yes/01/307500#M11053 <P>Yes. &nbsp;</P> Mon, 03 Jun 2019 18:34:28 GMT https://ttlc.intuit.com/community/business-taxes/discussion/yes/01/307500#M11053 Opus 17 2019-06-03T18:34:28Z