Can I deduct legal fees to re-titile inherited property into my family trust?

dbkreitman · ‎June 3, 2019

MinhT · ‎June 3, 2019

No, legal fees to re-title your inherited property are not deductible.

However, they can be added to the cost basis of your property, which will reduce capital gains when you eventually sell the property.

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MinhT · ‎June 3, 2019

No, legal fees to re-title your inherited property are not deductible.

However, they can be added to the cost basis of your property, which will reduce capital gains when you eventually sell the property.

**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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