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Deductions & credits
Don't thinks this advice is accurate. See Pub. 529 (rev. Dec. 2020), pp 10 & 11 which separately state on each page that attorney fees for wrongful termination ARE deductible by being listed on Schedule 1. This top of the line deduction does not need to be put on Schedule A so you may still take the Standard Deduction. Am I reading this correctly? Will the Turbo Tax 2020 program use the Schedule 1 Deduction????
May 14, 2021
2:10 PM