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mchriste
New Member

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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RobertG
Expert Alumni

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-...

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.

 

 

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