I received a 1099-Misc from a discrimination settlement. 1. Is income averaging available; 2. Are the legal fees deductible.

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Currently, income averaging can only be used by farmers and fishermen for their business income and, in some cases, for lump-sum retirement plan distributions.

Your legal fees are deductible, though.

Click this link for more info on Deducting Legal Fees on a Settlement.

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is mortgage interest paid on a vacant lot deductible, no intended purpose yet,

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I received a 1099-Misc from a discrimination settlement. 1. Is income averaging available; 2. Are the legal fees deductible.

I received a 1099-Misc from a discrimination settlement. 1. Is income averaging available; 2. Are the legal fees deductible.

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I received a 1099-Misc from a discrimination settlement. 1. Is income averaging available; 2. Are the legal fees deductible.

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I received a 1099-Misc from a discrimination settlement. 1. Is income averaging available; 2. Are the legal fees deductible.

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