No |
Leave blank and go to label O |
Yes |
Calculate your deductible legal expenses and write the amount in the boxes provided. Do not show cents. |
What you need to know
Some legal expenses incurred in producing your rental income are deductible, for example, the cost of evicting a non-paying tenant or recovering unpaid rent.
Most legal expenses, however, are of a capital nature and are therefore not deductible-including costs of:
- resisting land resumption
- purchasing or disposing of your property, and
- defending your title to the property.