Greta
Level 9
01-15-2024
02:45 PM
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My client, a professor, is suing his employer, a university. His lawyer thinks the university will settle the suit before trial date. If he wins the suit, the university likely will cover his legal fees. But if he loses, can I deduct legal fees anywhere?
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Level 15
01-16-2024
08:46 AM
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Here's a good article for you.
https://www.thetaxadviser.com/issues/2007/oct/treatmentoflegalfeesincurredbyindividuals.html