posted

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

2 Replies

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?

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.

Found what you need?

Already have an account? Sign In

(4.6/5 | 291,310 reviews)

Top help articles

view all

What is the Child Tax Credit?

How does the Standard Deduction differ from it...

What are the qualifications for the Earned Inc...

Still have questions?

Make a post

Or browse the Forums

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Quick links

First Time Here?

Community Do's & Don'ts

Upcoming Events

Ready to file your taxes?

Dynamic Ads

Dynamic Ads

Meet your expertsAll Experts >

Employee Tax Expert

I am an Enrolled Agent. I worked for the I.R.S. for 33 years. I spent my last 11 years at the I.R.S. in Mand...

Employee Tax Expert

Been with Intuit for going on 6 years now. Been part of TTLive, Full Service TTL, was part of Accuracy guaran...

Employee Tax Expert

BBA-Specialization: Accounting, MBA- Specialization: Asset Management, EA

Employee Tax Expert

Enrolled Agent with 10+ years of tax preparation experience

Employee Tax Expert

Enrolled Agent since 2008, Intuit Tax Expert since 2011.

v