The previous business's assets were sold 5 years ago. The lease still is legally in my name (as an individual, not as a corporation), but the new tenants refused to pay. Currently there is a lawsuit with a large sum of legal expenses related to this business. 1) Are the legal expenses deductable? If so where? (C or 2106) 2) If I am to pay the lease payments, are those deductable even if the time those fees were charged, I had no intention of conducting business?
- posted
17 years ago