I have a Sched C Biz client that filed for bankruptcy in 2010 (both personal and Biz - more Biz due to A/P) - Fees $ 2,500
1 - can I deduct a portion of these fees on the Biz return since a portion relates to Biz Payables?
2 - If I can deduct - how to allocate??
Sandy
1 - can I deduct a portion of these fees on the Biz return since a portion relates to Biz Payables?
2 - If I can deduct - how to allocate??
Sandy
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