Question

I paid $1500 for attoney fees for being late on my HOA dues and I deduct it?

Forum|Forum|7 years ago
June 1, 2019
3 replies
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E

evelyn_stewartAuthor

personal residence

J

jtax

Employee

Probably not.

https://www.irs.gov/publications/p529/ar02.html says:

Legal Expenses

You can usually deduct legal expenses that you incur in attempting to produce or collect taxable income or that you pay in connection with the determination, collection, or refund of any tax.

You can also deduct legal expenses that are:

Related to either doing or keeping your job, such as those you paid to defend yourself against criminal charges arising out of your trade or business,
For tax advice related to a divorce if the bill specifies how much is for tax advice and it is determined in a reasonable way, or
To collect taxable alimony.

You can deduct expenses of resolving tax issues relating to profit or loss from business (Schedule C or C-EZ), rentals or royalties (Schedule E), or farm income and expenses (Schedule F) on the appropriate schedule. You deduct expenses of resolving nonbusiness tax issues on Schedule A (Form 1040 or Form 1040NR). See Tax Preparation Fees, earlier

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C

Celery63

If this is for HOA fees on your personal residence, the answer is no. That is a personal legal fee and it is not deductible. If it was not for your personal residence please post a new question and explain what property it was for.