topic I had to hire an attorney to get help from having my insurance agent license taken away from me. Am I able to deduct these costs on my taxes? It was about $30,000. in Investors & landlords

I had to hire an attorney to get help from having my insurance agent license taken away from me. Am I able to deduct these costs on my taxes? It was about $30,000.

funkiemonkie222f — Mon, 23 Feb 2026 10:32:03 GMT

Re: I had to hire an attorney to get help from having my insurance agent license taken away from me. Am I able to deduct these costs on my taxes? It was about $30,000.

ee-ea — Sun, 22 Jan 2023 06:02:33 GMT

Maybe, see this: https://turbotax.intuit.com/tax-tips/tax-deductions-and-credits/can-i-deduct-legal-fees-on-my-taxes/L98fUeOrM

Re: I had to hire an attorney to get help from having my insurance agent license taken away from me. Am I able to deduct these costs on my taxes? It was about $30,000.

Rick19744 — Sun, 22 Jan 2023 18:31:03 GMT

This is an issue that I would recommend you consult with a tax professional where you can have a one-on-one conversation. There are many factors that need to be reviewed and ultimately a risk tolerance; as there is the potential for this to trigger an audit. Not that an audit is bad, it is that you need to be prepared before the audit to support your position.

The key to the deductibility of these expenses is the "origin of the claim" test in a Supreme Court decision. The object of this test is to determine the transaction or activity that resulted in the need for these legal expenses.

Your limited facts seem to indicate that the origin of the claim is business related. That is at least a start in the right direction, but needs to be further analyzed.