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New Member
posted Jun 7, 2019 4:32:17 PM

Can I deduct legal fees and mediation costs?

buyer sued because Township official"s opinion on property usage differed from County tax assessor's published opinion.

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2 Replies
Level 7
Jun 7, 2019 4:32:19 PM

deleted

Level 7
Jun 7, 2019 4:32:19 PM

No, unfortunately, not in this case

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