Sold biz 3 years ago amp; retired; former supplier now sues for breach of contract; can I deduct my defense costs? -

biz now closed; I m retired; i ve already spent $12K on lawyers to defend myself; can I claim a tax deduction; how?

No. Attorney expenses are most likely not deductible. Consult a CPA in your area, or your attorney, but I doubt that you can deduct them.

wow that stinks. I d call the IRS...hmm maybe call 3 times and go with the answer your given the most.