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RESTITUTION IS DEDUCTIBLE

cruzgorr
Level 1

MY CLIENT WAS FORCE TO SALES HIS PROPERTY TO PAY THE LOCAL GOVERNMENT MONEY DUE..THE GOVERNEMNT TOOK 100 OF MONEY RECEIVED. CLIENT GOT NOTHING 

QUESTION IS THE RESTITUTION DEDUCTIBLE

QUESTION THEY TOOK 100% OF THE MONEY INCLUDING HOW ABOUT CAPTAL GAIN 

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2 Comments 2
Just-Lisa-Now-
Level 15
Level 15

he had to sell the property to pay some kind of debt?  What was the restitution for?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
BobKamman
Level 15

We know you can use lower-case letters because your last 4 posts, in 2020 and 2022, accomplished that.  Welcome back, and please provide more details.