emazzone
New Member

My husband's father's estate finally closed last year, and we paid attorney fees. We also rented out the property for the entire year. Can we deduct the attorney fees?

We paid nearly $12,000 in attorney fees last year related to the handling of the estate, including a special situation where we inherited the land and the other person did not. The estate finally closed last year after 16 years in probate. We have paid taxes on this land the entire time it was in probate. Last year we rented the property for the entire year. We need to know if we can deduct the attorney expenses related to the property, since it was a rental property at the time, or if this still falls under general estate matters. The estate fees were almost 20% of our income last year. We had to borrow money, sell valuables, and go bananas to get this paid on time. Help!