Up to tax year 2017, legal fees incurred for the protection of your income were deductible as a miscellaneous itemized deduction subject to the 2%
of AGI floor.
Under the Tax Cuts
and Jobs Act, the miscellaneous itemized deductions subject to the
2% of AGI floor are suspended for expenses incurred after December 31, 2017
through 2025.
Therefore, your
legal fees are no longer deductible for tax year 2018.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
