Legal Judgment (Business)
Judgment amount
Can You Write Off Legal Judgment?
Short answer: Legal Judgment (Business) — Bad Debt & Losses
Payment of legal judgment against business (if deductible).
Records to keep: Keep receipts and document business use. Deductible if ordinary and necessary for your trade or business.
BW-B11-10240
low risk
Legal Judgment (Business)
Judgment amount
All Industries
Professional Services
Bad Debt & Losses
Legal Judgment (Business) — Bad Debt & Losses
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Business justification
Payment of legal judgment against business (if deductible).
Category
- Bad Debt & Losses
bad debt & losses
bad debt losses
legal judgment (business)