Discussion:Legal Expenses related to sold rental

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Revision as of 20:59, 25 August 2009

Discussion Forum Index --> Advanced Tax Questions --> Legal Expenses related to sold rental
Discussion Forum Index --> Tax Questions --> Legal Expenses related to sold rental

Lrussell (talk|edits) said:

25 August 2009
My client sold a rental property in 2006. In 2007, new owners suing over property line issue. My client incurred approximately $1,000 in legal expenses in 2007 and about $9,000 in 2008. I am trying to determine if I can deduct on schedule E or elsewhere. Any advice would be appreciated.
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