1099 misc for legal fees

steveblack59 — Thu, 06 Jun 2019 09:56:20 GMT

I recieved a settlement that was split for my amount and the amount I'd already paid in legal fees - how do I get credit for the legal fees so that they aren't taxable?

To deduct legal fees, you must itemize deductions on Sche...

Marketstar — Thu, 06 Jun 2019 09:56:22 GMT

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.

To enter legal fees:

Type in legal expenses, deduction in the search box, top right of your screen, then click the magnifying glass
Click the jump to legal expenses, deduction link in the search results.
Follow the onscreen instructions to enter

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1099 misc for legal fees

To deduct legal fees, you must itemize deductions on Sche...