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dwgamblin
New Member

I have uninsured losses and legal expenses. When I enter them, it does not lower my taxes owed. should I even claim them?

Legal expenses for employment and uninsured losses. This doesn't lower taxes owed. Should I even claim them?
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I have uninsured losses and legal expenses. When I enter them, it does not lower my taxes owed. should I even claim them?

You have not been specific about your uninsured losses----we have no idea if you mean theft or casualty losses, or whether those losses were related to a federally declared disaster.   And you have not told us anything specific about your legal expenses.  Were they personal legal expenses or were they incurred by a business you own?

 

Since the tax laws changed for 2018 and beyond, theft and casualty losses that are not related to a federal disaster are not deductible on a federal tax return.

 

 

LEGAL FEES

 

https://turbotax.intuit.com/tax-tips/tax-deductions-and-credits/can-i-deduct-legal-fees-on-my-taxes/...

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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1 Reply

I have uninsured losses and legal expenses. When I enter them, it does not lower my taxes owed. should I even claim them?

You have not been specific about your uninsured losses----we have no idea if you mean theft or casualty losses, or whether those losses were related to a federally declared disaster.   And you have not told us anything specific about your legal expenses.  Were they personal legal expenses or were they incurred by a business you own?

 

Since the tax laws changed for 2018 and beyond, theft and casualty losses that are not related to a federal disaster are not deductible on a federal tax return.

 

 

LEGAL FEES

 

https://turbotax.intuit.com/tax-tips/tax-deductions-and-credits/can-i-deduct-legal-fees-on-my-taxes/...

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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