topic I filed chapter 13 bankruptcy and paid legal fees for filing the paperwork? in Get your taxes done using TurboTax

I filed chapter 13 bankruptcy and paid legal fees for filing the paperwork?

searching952 — Tue, 04 Jun 2019 20:12:50 GMT

I paid a company $500 to fill out paperwork for me filing BK 13 and $1500 to an attorney-can I deduct any of this. I rented the house out 1 month to try to keep the home.

Legal fees are generally not deductible on a personal 104...

TomK — Tue, 04 Jun 2019 20:12:53 GMT

Legal fees are generally not deductible on a personal 1040 return.

There are three significant exceptions
•    To produce or collect income that must be included in your gross income,
•    To manage, conserve, or maintain property held for producing such income, or
•    To determine, contest, pay, or claim a refund of any tax.

To deduct legal fees, you must itemize deductions on Schedule A, and the sum total of your miscellaneous deductions including your legal fees must exceed 2% of your Adjusted Gross Income.

Given the above limitations you may not be able to benefit from your legal expenses.

Re: Legal fees are generally not deductible on a personal 104...

gem777 — Mon, 05 Oct 2020 00:54:30 GMT

can I deduct bK 13 filing fees paid to them and the trustee monthly payments made to them for 2019