Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
jweickholt13
New Member

Is the legal defense fund policy premium equally $280 I purchased through the Fraternal Order of Police deductible? If so where is the expense entered on my tax filing?

 
1 Best answer

Accepted Solutions
Marketstar
Level 7

Is the legal defense fund policy premium equally $280 I purchased through the Fraternal Order of Police deductible? If so where is the expense entered on my tax filing?

Legal fees/expenses are generally not deductible on a personal 1040 return.

There are three significant exceptions

·         To produce or collect taxable income.

·         To determine, contest, pay, or claim a refund of any tax.

·         To receive tax advice and tax planning

Based on the above, your legal expense is unfortunately not deductible.


View solution in original post

1 Reply
Marketstar
Level 7

Is the legal defense fund policy premium equally $280 I purchased through the Fraternal Order of Police deductible? If so where is the expense entered on my tax filing?

Legal fees/expenses are generally not deductible on a personal 1040 return.

There are three significant exceptions

·         To produce or collect taxable income.

·         To determine, contest, pay, or claim a refund of any tax.

·         To receive tax advice and tax planning

Based on the above, your legal expense is unfortunately not deductible.


View solution in original post

Dynamic AdsDynamic Ads
Privacy Settings
v