Recent content by myssjeep

Thanks for the replies. I have what I believe is a good accountant and he told me I was out of luck on writing off the legal fees. Due to my past attorney experience some research seemed appropriate. The 2% rule would not have helped much but the above line deduction would have made a huge...

The deduction would have been above the line if it was a settlement between the employer and employee, but it ended up being between the former attorney and employee. The discrimination suit was thrown out due to an unresponsive attorney. It looks like the attorney fees will not be above...

Can the leagal fees for a legal malpractice settlement be an above line deduction 62(a)20. The legal malpractice stemmed from an employment discrimination suit. The settlement is not from the former employer but former attorney.