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Buy Out contract of an agency

lucrecia
Level 4

Client paid an amount to buy out contract of an agency, said its non business but can it actually be a business deduction or just a miscellaneous deduction?

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3 Comments 3
sjrcpa
Level 15

What kind of contract at what kind of agency?

Did client work there?

Why does client say it is nonbusiness?


The more I know the more I don’t know.
lucrecia
Level 4

The spouse bought out the husbands contract for an agency for not completing his contract for work

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lucrecia
Level 4

So basically it was a breach of an a employment agreement

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