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-   -   Legal expenses as business deduction (https://www.askmehelpdesk.com/showthread.php?t=187830)

  • Feb 24, 2008, 04:38 PM
    ejl1000
    Legal expenses as business deduction
    I had a rental property business 10 years ago structured as a limited partnership which was dissolved 7 years ago. I am now being sued personally for alleged medical problems due to lead paint poisoning from a prior tenant. How can I now claim a business-related deduction for these legal expenses? Thank you.
  • Feb 26, 2008, 08:13 PM
    IntlTax
    I am not sure. I would have to research this. However you may be able to deduct them on schedule E, which is where the income from the rental property would have been.

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