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June 7, 2019
Question

Can I deduct legal fees and mediation costs?

  • June 7, 2019
  • 2 replies
  • 0 views

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

2 replies

Employee
June 7, 2019

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

Employee
June 7, 2019
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