Velma and Bud divorced. Velma's attorney fee of $5,000 is allocated as follows:
Of the $5,000 Velma pays to her attorney, the amount she may deduct as an itemized deduction is:

Question

Velma and Bud divorced. Velma's attorney fee of $5,000 is allocated as follows: ​
 Of the $5,000 Velma pays to her attorney, the amount she may deduct as an itemized deduction is:

Quizplus · Accepted Answer

Velma may deduct legal fees related to obtaining alimony as an itemized deduction, but not for fees related to obtaining property settlements. Since the allocation of the attorney's fees is not specified, it can be assumed that $2,000 of the $5,000 was for alimony and the remaining $3,000 was for property settlements. Therefore, Velma may deduct $2,000 as an itemized deduction.

Velma and Bud Divorced