topic 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? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-paid-3000-out-of-my-business-account-to-the-defendant-as-part-of-a-small-claims-court-settlement/01/653498#M28567 Also, do I need to report the individual's name and payment amount to the IRS? Thu, 06 Jun 2019 08:59:09 GMT sjone 2019-06-06T08:59:09Z 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? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-paid-3000-out-of-my-business-account-to-the-defendant-as-part-of-a-small-claims-court-settlement/01/653498#M28567 Also, do I need to report the individual's name and payment amount to the IRS? Thu, 06 Jun 2019 08:59:09 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-paid-3000-out-of-my-business-account-to-the-defendant-as-part-of-a-small-claims-court-settlement/01/653498#M28567 sjone 2019-06-06T08:59:09Z I'm assuming that you're the landlord and report the rent... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-m-assuming-that-you-re-the-landlord-and-report-the-rent/01/653506#M28568 <P>I'm assuming that you're the landlord and report the rental income on Schedule E.<BR /></P><P>That would be a deductible expense on Schedule E where you would report your rental income.&nbsp; A category such as repairs would be appropriate.</P> Thu, 06 Jun 2019 08:59:11 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-m-assuming-that-you-re-the-landlord-and-report-the-rent/01/653506#M28568 bwa 2019-06-06T08:59:11Z