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Deductions & credits
For 2018 only if it is a settlement for illegal discrimination. TurboTax does not support this but it is possible to claim it using the forms mode in the CD/download desktop version.
Per IRS Pub 525
Discrimination suits. You may be able to deduct attorney fees and court costs paid to re-cover a judgment or settlement for a claim of unlawful discrimination under various provisions of federal, state, and local law listed in section 62(e), a claim against the U.S. Government, or a claim under section 1862(b)(3)(A) of the Social Security Act. You can claim this deduction as an adjustment to income on Schedule 1 (Form 1040), line 36. |
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎July 21, 2019
2:00 PM