Are fines tax deductible for a business? I got fined for

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Jul 4, 2020
11:27:33am

Iman23 Truly Addicted User

Are fines tax deductible for a business? I got fined for

tall grass on a rental property I own.

Can I deduct that fine, or no?

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Iman23

Bio page: Iman23
Joined: Jan 18, 2008
Last login: May 6, 2024
Total posts: 42,617 (2,722 FO)

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Messages

Author

Time

Are fines tax deductible for a business? I got fined for

Iman23

7/4/20 11:27am

Fined by whom?

Zaphod

7/4/20 11:29am

<< Deleted >>

supertux

7/4/20 11:30am

By the County

Iman23

7/4/20 11:30am

Government entity, so not deductible

Zaphod

7/4/20 11:31am

Dang

supertux

7/4/20 11:32am

I don't know, but I'm getting my guess in now. I'm going to say yes.

supertux

7/4/20 11:29am

Many tax preparers would say yes. That’s why you need to be careful when

Zaphod

7/4/20 11:33am

No.

Blue Print

7/4/20 11:44am

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