Discussion:Business deductions a year after the business has been sold

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Discussion Forum Index --> Basic Tax Questions --> Business deductions a year after the business has been sold
Discussion Forum Index --> Tax Questions --> Business deductions a year after the business has been sold

Nancyshoemake (talk\|edits) said:	29 January 2008
I have a client that sold a Quiznos to another individual. This lovely man (the new owner) quit paying the rent (sublease). Unfortunately my client had to pay $11000 in back rent and $1500 in attorney fees due to this issue. The S-Corp has since closed - but how would I take this expense since it truly was related to the business he owned?

Kevinh5 (talk\|edits) said:	29 January 2008
Nancy, we had this discussion last year - did you try searching?

Kevinh5 (talk\|edits) said:	29 January 2008
[here is a start]

Kevinh5 (talk\|edits) said:	29 January 2008
[similar related questions]

Nancyshoemake (talk\|edits) said:	29 January 2008
no, the discussion last year was another client that had an "abandonment loss" with Quiznos. This client acutally operated the Quiznos for 4+ years and then sold it to an individual. The individual formed an LLC for the Quiznos and signed a lease although it was a sublease. Different situation totally!