Are legal fees for attorney tax deductible?

Are the fees paid to an attorney to modify a home loan tax deductible?

  • Answer:

    No. If you can pay an attorney why can't you pay the mortgage?

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If part of the service had to do with tax issues, then that portion is deductible. Just as the portion of a divorce lawyer's advice is deductible if it regarding tax questions. Get it separated on the bill, if you can. (That's why the cost of your tax return is deductible - if you itemize.)

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