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Get your taxes done using TurboTax
The only legal fees related to a lawsuit settlement that may be deducted under current law are those related to employment discrimination cases where you are the plaintiff, whistleblower reward cases, and legal fees related to a business reported on Schedule C or Schedule E.
Please see this TurboTax tips article for more information regarding attorney fees.
Please see IRS Publication 529 for more information on miscellaneous deductions and the changes to the law.
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‎February 8, 2025
5:14 PM