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mbraynock
New Member

Are legal fees for Estate Planning tax deductible?

 
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6 Replies
beedo
New Member

Are legal fees for Estate Planning tax deductible?

are legal fees for setting up a revocable trust deductable

Are legal fees for Estate Planning tax deductible?

This is too vague.  Is the actual preparation of a will or trust--both of which have tax implications and consequences one needs to know about--deductible???
user74444
New Member

Are legal fees for Estate Planning tax deductible?

I agree with the previous comment. Is help drawing up a will, living trust, or other estate planning document, which can all have tax implications, considered "tax advice"??
user74444
New Member

Are legal fees for Estate Planning tax deductible?

For those disappointed with this answer, Investopedia has better information: <a rel="nofollow" target="_blank" href="http://www.investopedia.com/ask/answers/113015/are-estate-planning-fees-tax-deductible.asp">http://w...>
Joseph84
Returning Member

Are legal fees for Estate Planning tax deductible?

Are legal fees deductible?

Are legal fees for Estate Planning tax deductible?

No,  legal fees are not deductible.  Once upon a time you could enter legal fees related to obtaining taxable income, but that changed with the new tax laws.

 

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-re...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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