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Brad45
Level 2

Tax Liability

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

posted
‎February 23, 2020 10:37 AM
last updated ‎February 23, 2020 10:37 AM
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2 Replies
Anonymous
Not applicable

Tax Liability

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.  

‎February 23, 2020 10:40 AM
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Brad45
Level 2

Tax Liability

Thank you

‎February 23, 2020 12:50 PM
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