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bumsokee
New Member

Incorporation legal fees tax deductible

I incorporated a business in 2015 through a lawyer. I paid the lawyer $2,500 to incorporate the business. Can I deduct the $2,500 legal fee on my tax return?
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DS30
New Member

Incorporation legal fees tax deductible

No, you will not be able to deduct these legal expenses on your personal income tax return. Instead, they would become part of your start-up costs in your business and you would amortize them over 60 months

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DS30
New Member

Incorporation legal fees tax deductible

No, you will not be able to deduct these legal expenses on your personal income tax return. Instead, they would become part of your start-up costs in your business and you would amortize them over 60 months

View solution in original post

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