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May 17, 2021
Question

Can I deduct for each business, for expense, my professional fees?

  • May 17, 2021
  • 1 reply
  • 0 views
Can I deduct $300 for legal fees from each business or can I only deduct if for one?

1 reply

May 17, 2021

legal fees need to be allocated to the business they relate to. if they relate to multiple businesses, the total can be allocated in any logical manner.  

boyd19taxAuthor
May 17, 2021

Thank you!!!