Can we deduct ~6k in legal fees for a revocable trust that my wife and I established in 2017? If so, where do we do it? Thanks!

[sophist10]

my estate planner told me the expense was 30% taxable

[Marketstar · Accepted solution]

Legal fees are generally not deductible on a personal 1040 return.

There are three significant exceptions

• To produce or collect taxable income.

• To determine, contest, pay, or claim a refund of any tax.

• To receive tax advice and tax planning

Based on the above, your legal fees would unfortunately not be deductible.