Skip to main content
March 13, 2021
Question

I cashed out my IRA to pay legal fees. I am paying the funds to my IRA back! I cannot deduct the fees from my return?

  • March 13, 2021
  • 1 reply
  • 0 views
I deducted my legal fees on previous returns

1 reply

ColeenD3
March 13, 2021

Things changed with TCJA in 2018. Miscellaneous deductions on Schedule A were repealed. 

 

Miscellaneous deductions subject to the 2% limit, including unreimbursed job expenses (reported on Form 2106) have been repealed for tax years 2018–2025.