Are legal fees deductible for Sam who manages property?
Legal and Accounting Expenses. Sam is a sole proprietor who owns, leases, and manages several apartment complexes and office buildings. During the current year, Sam incurs the following expenses. Which of these expenditures are deductible? Are they for or from AGI deductions?
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Write My Essay For Mea. $200 in attorney’s fees for title searches on a new property Sam has acquired.
b. $450 in legal fees in an action brought to collect back rents.
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