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jpmosdef98
New Member

Can I claim over $11000 in legal fees on my taxes?

 
1 Reply
bwa
Alumni
Alumni

Can I claim over $11000 in legal fees on my taxes?

It depends on what they are for. Legal fees are generally not deductible. 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.

To get an answer more applicable to your situation, you would need to indicate what type of action the fees were for.


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