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Deductions & credits
On what form or schedule would the deduction appear?
IRS Publication 17 (page 193) says the following.
"Legal expenses that you incur in attempting to produce or collect taxable income, or that you pay in connection with the determination, collection, or refund of any tax are miscellaneous itemized deductions and are no longer deductible."
What makes your legal fees an exception to this rule?
IRS Publication 17 (page 193) says the following.
"Legal expenses that you incur in attempting to produce or collect taxable income, or that you pay in connection with the determination, collection, or refund of any tax are miscellaneous itemized deductions and are no longer deductible."
What makes your legal fees an exception to this rule?
‎June 1, 2019
10:45 AM