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Legal Fees on Rental Property

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N

NoJustice

Guest
California
In attempting to develop a residence on my rental property I've encountered problems with easements and encroachments and ended up paying out about $15K in legal fees. Are these legal fees deductible on my Schedule E??

Thanks for your help.
 


L

loku

Guest
Those fees relate to the title of your property and they are properly added to the cost of the land.
 

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