Legal Question in Business Law in Utah
is a judgement tax deductible
is a judgement tax deductible
Asked on 2/08/07, 9:34 am
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: is a judgement tax deductible
A judgment per se is not tax deductible. If the underlying debt is tax deductible and you pay it, you can claim the deduction.
Answered on 2/08/07, 11:14 am
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