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Legal fees can be deducted to the extent your income is taxable. For instance, if 50% of your income is taxable, then 50% of legal fees are deductible.
To deduct legal fees, you must itemize deductions on Schedule A, and the sum total of your miscellaneous deductions including your legal fees must exceed 2% of your Adjusted Gross Income.
Given the above limitations you may not be able to benefit from your legal expenses.
To enter attorney fees:
Type in legal expenses, deduction in the search box, top right of your screen
Hit the Enter key
Click jump to legal expenses, deduction in the search results
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Legal fees can be deducted to the extent your income is taxable. For instance, if 50% of your income is taxable, then 50% of legal fees are deductible.
To deduct legal fees, you must itemize deductions on Schedule A, and the sum total of your miscellaneous deductions including your legal fees must exceed 2% of your Adjusted Gross Income.
Given the above limitations you may not be able to benefit from your legal expenses.
To enter attorney fees:
Type in legal expenses, deduction in the search box, top right of your screen
Hit the Enter key
Click jump to legal expenses, deduction in the search results
Follow the prompts and online instructions
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