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cvfd4208
New Member

My Aunt died in 2016, I have legal expenses and have recieved a taxable income for her estate as a benificiary. Are my legal fees for fighting the estate deductable?

 
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Fern
New Member

My Aunt died in 2016, I have legal expenses and have recieved a taxable income for her estate as a benificiary. Are my legal fees for fighting the estate deductable?

The legal fees you paid are included in miscellaneous itemized deduction. They are limited by the two percent rule: The total of all Miscellaneous Itemized Deductions must be more than 2% of adjusted gross income to be included in the calculation of itemized deductions.

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Fern
New Member

My Aunt died in 2016, I have legal expenses and have recieved a taxable income for her estate as a benificiary. Are my legal fees for fighting the estate deductable?

The legal fees you paid are included in miscellaneous itemized deduction. They are limited by the two percent rule: The total of all Miscellaneous Itemized Deductions must be more than 2% of adjusted gross income to be included in the calculation of itemized deductions.

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