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December 19, 2019
Question

Can legal fees be deducted from disability settlement?

  • December 19, 2019
  • 1 reply
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1 reply

December 20, 2019

No, legal fees are no longer deductible. 

 

"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 are miscellaneous itemized deductions and are no longer deductible." Pub 529

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