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Level 2
February 23, 2020
Question

Tax Liability

  • February 23, 2020
  • 1 reply
  • 0 views

Hi - 

I was audited and had to pay $268.58 to the state of KY in 2019, can I take this as an expense?

 

Thank you

 

Brad45

    1 reply

    February 23, 2020

    if you itemize in 2019 part of it can be included in taxes paid for 2019.     the bill probably consisted of taxes, penalties, and interest.   only the taxes portion is deductible.  

    Brad45Author
    Level 2
    February 23, 2020

    Thank you