|
Posted by Don1975 on December 18, 2006, 8:43 pm
Please log in for more thread options
The previous business's assets were sold 5 years ago. The
lease still is legally in my name (as an individual, not as
a corporation), but the new tenants refused to pay.
Currently there is a lawsuit with a large sum of legal
expenses related to this business. 1) Are the legal
expenses deductable? If so where? (C or 2106) 2) If I am to
pay the lease payments, are those deductable even if the
time those fees were charged, I had no intention of
conducting business?
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap