jeanmarc
Level 4
12-07-2019
02:57 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
From what I understand, as of 2018, the Tax Cuts and Jobs Act got rid of this and attorney fees can no longer be claimed. I just want to make sure that is correct. Thanks!
Best Answer Click here
Labels
sjrcpa
Level 15
12-07-2019
02:57 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Correct. Misc itemized dedcuctions subject to 2% AGI limit are no longer deductible.
The more I know the more I don’t know.
cyhaccountingse
Level 1
05-11-2020
10:26 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
But, are they deductible for New York State itemized deductions? Are they still deductible for state itemized deductions even though they are not deductible on the Federal Schedule A?
sjrcpa
Level 15
05-11-2020
11:27 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Social Security is not taxed by NY, so expenses to receive this income are not deductible.
The more I know the more I don’t know.
cyhaccountingse
Level 1
05-11-2020
11:33 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you very much.
