Are LegalShield monthly membership fees deductible?

Aussie · ‎April 17, 2022

If LegalShield monthly membership fees are deductible, where would they be reflected in the return? I use for general purposes. Have used for my rental agreeement in past as well as consulted for various situations. I do not own any business.

DawnC · ‎April 17, 2022

Personal legal fees (non-business related) are no longer deductible. You can deduct the portion of the cost allocable to your rental property on Schedule E as a rental expense. If you use the service for both personal and rental activity, you must pro-rate and deduct only the rental portion. Can I deduct legal fees on my tax return?

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DawnC · ‎April 17, 2022

Personal legal fees (non-business related) are no longer deductible. You can deduct the portion of the cost allocable to your rental property on Schedule E as a rental expense. If you use the service for both personal and rental activity, you must pro-rate and deduct only the rental portion. Can I deduct legal fees on my tax return?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Are LegalShield monthly membership fees deductible?