March 3, 2019
The Tax Cuts and Jobs Act (TCJA), known as tax reform, made it more difficult for you to deduct your legal fees.
The new tax reform law suspended (killed is a better word) your legal fees as 2 percent miscellaneous itemized deductions for tax years 2018 through 2025.
This means you need to look for other possible ways to deduct legal fees, such as claiming them as business or rental property expenses.
Here are som...