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Are legal fees for preparation of wills, trusts, and medical powers of attorney deductible if they fall under the general umbrella of estate planning?
We paid $8500 in legal fees. All of the legal work falls under the umbrella of estate planning and much of it deals with tax planning. Can I claim all of these fees as a deduction or do I have to specify what percentage of the fee was paid for tax planning?
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‎June 6, 2019
2:50 AM