Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
missymom3
New Member

Can I deduct legal fees for setting up revocable trust? Where would I enter the amount?

 
1 Best answer

Accepted Solutions
bwa
Alumni
Alumni

Can I deduct legal fees for setting up revocable trust? Where would I enter the amount?

A revocable trust is primarily for estate planning and avoiding probate.  Those type legal fees are not deductible.

View solution in original post

1 Reply
bwa
Alumni
Alumni

Can I deduct legal fees for setting up revocable trust? Where would I enter the amount?

A revocable trust is primarily for estate planning and avoiding probate.  Those type legal fees are not deductible.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v