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19. Baron pays $4,000 in legal fees. Under what conditions can Baron deduct the legal fees? ANSWER: 20. Kiki fell asleep one night while driving
19. Baron pays $4,000 in legal fees. Under what conditions can Baron deduct the legal fees? ANSWER: 20. Kiki fell asleep one night while driving home from work and severely damaged her car. Repairs to the car cost $4,600. Her insurance company reimbursed her for $4,100 of the repairs. Has Kiki realized a loss? Under what conditions can she deduct the loss
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