Retirement tax questions

ThomasM125 · ‎March 12, 2025

Per this excerpt from IRS Publication 529, the legal fees you mention would not be deductible in 2024 as they would be miscellaneous itemized deductions which are not currently allowed:

Furthermore, if they were allowed they would only be deductible as itemized deductions so the negative entry you suggest to income would not seem appropriate.

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