Stipulated judgement requires all H O A members to pay for bridge. Deductible?

Mar 27, 2015 0 Replies

Judge issues a stipulated judgement for all H O A owners to pay for the replacement of a 25 year old bridge originally constructed using two 5' diameter logs. Half of the owners did not use or need the bridge and refused to contribute towards replacement. Judge disagreed and issued order. Is the $8000 paid as settlement deductible?


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