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prepaid legal service

  • Thread starter Thread starter netman
  • Start date Start date

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N

netman

Guest
Is Prepaid legal service(legal INS.) tax deductable ?
I live in OK.

please advise
tom
 


L

loku

Guest
Legal service is tax deductible if it is a business expense, or a tax expense, or an expense of obtaining taxable income of some sort. To the extent your prepaid legal service is attributable to those purposes, it is deductible.
 
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