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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.
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.
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