In 2018 I rolled over an IRA. 4 months later the company filed for bankruptcy. I hired an attorney to sue my financial advisor. Are those legal fees deductible?

[stecster]

In 2018 I rolled over an IRA. 4 months later the company filed for bankruptcy. I hired an attorney to sue my financial advisor. Are those legal fees deductible?

[Anita01 · Accepted solution]

Sorry, but, under the new tax laws,  legal fees are no longer deductible except under special circumstances having to do with discrimination lawsuits.