posted

My wife was sued in regards to her services from a past client of hers. It cost us $4500 in Lawyers fees, Can we deduct this as legal fees in business expenses?

1 Best answer

Accepted Solutions

My wife was sued in regards to her services from a past client of hers. It cost us $4500 in Lawyers fees, Can we deduct this as legal fees in business expenses?

Yes. These legal fees can be deducted as legal and professional service on Schedule C.

View solution in original post

2 Replies

My wife was sued in regards to her services from a past client of hers. It cost us $4500 in Lawyers fees, Can we deduct this as legal fees in business expenses?

Yes. These legal fees can be deducted as legal and professional service on Schedule C.

My wife was sued in regards to her services from a past client of hers. It cost us $4500 in Lawyers fees, Can we deduct this as legal fees in business expenses?

Thanks TurboTaxJulie!!

Found what you need?

Already have an account? Sign In

(4.6/5 | 291,310 reviews)

Top help articles

view all

What is the Child Tax Credit?

Do I need to enter a 1095-C?

Where do I enter my estimated tax payments?

Still have questions?

Make a post

Or browse the Forums

v

ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~