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    ejl1000's Avatar
    ejl1000 Posts: 1, Reputation: 1
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    #1

    Feb 24, 2008, 04:38 PM
    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.
    IntlTax's Avatar
    IntlTax Posts: 831, Reputation: 23
    Tax Expert
    		  
    #2

    Feb 26, 2008, 08:13 PM
    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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