Can I deduct legal fees and mediation costs?

[ks2291]

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

[Marketstar]

deleted

[Marketstar]

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