I got reimbursed for legal fees that were spent reviewing an agreement with a solar farm next to my property. This showed as Misc. income. Can I also deduct this fee?
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I got reimbursed for legal fees that were spent reviewing an agreement with a solar farm next to my property. This showed as Misc. income. Can I also deduct this fee?
There is no improvement on my property - the legal document spells out restrictions - such as building large structures that would block the sunlight.
I got reimbursed for legal fees that were spent reviewing an agreement with a solar farm next to my property. This showed as Misc. income. Can I also deduct this fee?
No, this would be a personal expense. Personal legal fees are not tax deductible under current tax law.
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