Leigh pays the following legal and accounting fees during the year: What is the total amount of her for AGI deduction for these fees?

Name: Leigh pays the following legal and accounting fees during the year: What is the total amount of her for AGI deduction for these fees?
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Question

Leigh pays the following legal and accounting fees during the year:  What is the total amount of her for AGI deduction for these fees?

Quizplus · Accepted Answer

$8,800 + $4,000 + $1,200 = $14,000; the tax return fees allocable to Schedules A and B would be itemized deductions, and legal fees incident to a divorce would not generally be deductible.

Leigh Pays the Following Legal and Accounting Fees During the Year