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Are legal fees incurred to sell property deductible?
Due to a boundary dispute with the neighbor of my vacation home I had to hire a surveyor to establish the boundary and a lawyer to sue the neighbor when he would not agree to my offer of an easement. The property could not be sold without resolving the boundary dispute. Are the approximately $2,000 in surveyor fees and $10,000 in attorneys' fees deductible at all?
May 25, 2020
3:58 PM