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Incorporation legal fees tax deductible
I incorporated a business in 2015 through a lawyer. I paid the lawyer $2,500 to incorporate the business. Can I deduct the $2,500 legal fee on my tax return?
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June 3, 2019
10:24 AM
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Deductions & credits
No, you will not be able to deduct these legal expenses on your personal income tax return. Instead, they would become part of your start-up costs in your business and you would amortize them over 60 months
June 3, 2019
10:24 AM
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