Discussion:Legal Expenses related to sold rental
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(Difference between revisions)
| Revision as of 21:34, 25 August 2009 Belle (Talk | contribs) (Sigh, can't find) ← Previous diff |
Revision as of 21:36, 25 August 2009 Lrussell (Talk | contribs) (Thanks Belle.) Next diff → |
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| {{ForumReplyPost|UserID=Belle|Date=August 25, 2009|Text=Sigh, can't find the one I'm remembering. | {{ForumReplyPost|UserID=Belle|Date=August 25, 2009|Text=Sigh, can't find the one I'm remembering. | ||
| I believe Riley answered that the current expense would follow where you would have taken it '''if''' paid in the year of sale.}} | I believe Riley answered that the current expense would follow where you would have taken it '''if''' paid in the year of sale.}} | ||
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| + | {{ForumReplyPost|UserID=Lrussell|Date=25 August 2009|Text=Thanks Belle. }} | ||
Revision as of 21:36, 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
| 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. | |
| August 25, 2009 | |
| There was a similar discussion recently.....
OK found it - see if this helps http://www.taxalmanac.com/index.php/Discussion:Schedule_E_Expenses_after_sale_of_property%3F Oops, that isn't the one I remember. Try the search box | |
| August 25, 2009 | |
| Sigh, can't find the one I'm remembering.
I believe Riley answered that the current expense would follow where you would have taken it if paid in the year of sale. | |
