Discussion:Legal Fee deduction for discrimination settlement
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(Difference between revisions)
| Revision as of 20:27, 21 April 2008 Taxman3132 (Talk | contribs) (it goes on page) ← Previous diff |
Revision as of 20:36, 21 April 2008 RANGERS1968 (Talk | contribs) (But does it matt) Next diff → |
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| {{ForumReplyPost|UserID=Taxman3132|Date=21 April 2008|Text=it goes on page 1 as an adjustment to income. i had the exact same thing happen to a client. it was w/ the adams case.}} | {{ForumReplyPost|UserID=Taxman3132|Date=21 April 2008|Text=it goes on page 1 as an adjustment to income. i had the exact same thing happen to a client. it was w/ the adams case.}} | ||
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| + | {{ForumReplyPost|UserID=RANGERS1968|Date=21 April 2008|Text=But does it matter when the legal fees were paid? Do they have to be paid in 2008 to be deductible? I have researched how its handled on the tax return but have found nothing regarding prior year payments of legal fees. }} | ||
Revision as of 20:36, 21 April 2008
Discussion Forum Index --> Basic Tax Questions --> Legal Fee deduction for discrimination settlement
Discussion Forum Index --> Tax Questions --> Legal Fee deduction for discrimination settlement
RANGERS1968 (talk|edits) said: | 21 April 2008 |
| A settlement is made related to an employment discrimination claim that occurred after 2004. The case was settled in 2008. Are legal fees paid prior to 2008 deductible against the settlement amount? | |
RoyDaleOne (talk|edits) said: | 21 April 2008 |
| Profile please. | |
Taxman3132 (talk|edits) said: | 21 April 2008 |
| it goes on page 1 as an adjustment to income. i had the exact same thing happen to a client. it was w/ the adams case. | |
RANGERS1968 (talk|edits) said: | 21 April 2008 |
| But does it matter when the legal fees were paid? Do they have to be paid in 2008 to be deductible? I have researched how its handled on the tax return but have found nothing regarding prior year payments of legal fees. | |
