This article discusses whether attorney fees related to timeshare cancellation can be deducted. The answer is yes, as long as the fees are associated with the cancellation of a timeshare contract. Attorney fees and other costs associated with timeshare cancellation are typically tax deductible, provided they are properly documented.
Reporting To Irs Cancellation Of Timeshare
This article outlines the process of how to properly report a timeshare cancellation to the Internal Revenue Service (IRS). It discusses what documents are necessary to submit to the IRS, and provides instructions on how to calculate the capital gain or loss from the sale of the timeshare. The answer to the question is yes, […]