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My wife and I payed for legal fee's to acquire guardianship of my grandson . Due to both parents being unable to care for him Are the legal fees deductible
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My wife and I payed for legal fee's to acquire guardianship of my grandson . Due to both parents being unable to care for him Are the legal fees deductible
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.
Because of those criteria, your legal fees would not be deductible.
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My wife and I payed for legal fee's to acquire guardianship of my grandson . Due to both parents being unable to care for him Are the legal fees deductible
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.
Because of those criteria, your legal fees would not be deductible.