by Anonymous on October 4th, 2009

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Are legal fees tax deductable?

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by Sherri on October 6th, 2009
Only IF they are for protection of income. For instance you are a teacher and someone is suing you claiming you inappropriately touched their child. Your legal fees would be deductible because if the person wins, you will lose your job. Subject to 2% of your income, Schedule A.
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