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Are attorneys fees deductible for an Living Trust ?

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Are attorneys fees deductible for an Living Trust ?

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

There are two significant exceptions

  • Legal fees are deductible if incurred to determine or collect any tax liability.
  • Legal fees are deductible if the suit is to secure taxable income

For a Living Trust, your legal fees world not be deductible.

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