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iannone_family
New Member

We paid significant amount of money in legal fees this year. Can this be deducted?

 
2 Replies
NCperson
Level 15

We paid significant amount of money in legal fees this year. Can this be deducted?

@iannone_family what was the purpose of the legal fees? home closing? personal lawsuit, related to a business? 

TomD8
Level 15

We paid significant amount of money in legal fees this year. Can this be deducted?

Some legal fees are deductible; some are not.  See this TurboTax instructional page:

https://turbotax.intuit.com/tax-tips/tax-deductions-and-credits/can-i-deduct-legal-fees-on-my-taxes/...

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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