I filed bankruptcy in 2017. In 2024, bankruptcy was dismissed. My portion of a home sale went to the attorneys and IRS. How do I show this? The amount is $12500.00
I filed bankruptcy in 2017. In 2024, bankruptcy was dismissed. My portion of a home sale went to the attorneys and IRS. How do I show this? The amount is $12500.00
You do not need to show that on your return. Your federal taxes and attorneys fees for a bankruptcy are not deductible expenses. You will need to include the amount in your income.
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