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Level 3
posted Apr 17, 2022 4:56:49 PM

Are LegalShield monthly membership fees deductible?

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.

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1 Best answer
Employee Tax Expert
Apr 17, 2022 5:11:25 PM

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?  

1 Replies
Employee Tax Expert
Apr 17, 2022 5:11:25 PM

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?