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imphilco
New Member

How do i deduct accountant fees

 
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AmyT
New Member

How do i deduct accountant fees

Accountant/attorney/professional fees paid for personal (non-business) reasons are potentially deductible as a miscellaneous itemized deduction on schedule A.

This does mean that they are subject to the 2% of adjusted gross income (AGI) threshhold, but they are deductible to the extent that they exceed this amount (if you itemize your deductions).

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1 Reply
AmyT
New Member

How do i deduct accountant fees

Accountant/attorney/professional fees paid for personal (non-business) reasons are potentially deductible as a miscellaneous itemized deduction on schedule A.

This does mean that they are subject to the 2% of adjusted gross income (AGI) threshhold, but they are deductible to the extent that they exceed this amount (if you itemize your deductions).

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