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New Member
posted Feb 22, 2020 3:53:56 PM

Where do I specifically go in turbo tax to claim a deduction for a paid restitution which meets eligibility reqmts? https://www.clearyenforcementwatch.com/2018/04/irs-...

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Expert Alumni
Feb 22, 2020 4:57:22 PM

The Code section referenced by the article is code section 162(f).

 

Section 162(a) allows a deduction for all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business. 

 

So the deduction could be taken as a business deduction against the related business.