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New Member
posted May 31, 2019 4:48:43 PM

Are legal fees for Estate Planning tax deductible?

0 6 9491
6 Replies
New Member
May 31, 2019 4:48:45 PM

are legal fees for setting up a revocable trust deductable

New Member
May 31, 2019 4:48:50 PM

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???

New Member
May 31, 2019 4:48:54 PM

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"??

New Member
May 31, 2019 4:48:59 PM
Returning Member
Oct 2, 2019 4:35:58 PM

Are legal fees deductible?

Level 15
Oct 2, 2019 5:33:12 PM

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-reform