Question
Maria pays the following legal and accounting fees during the year: Legal fees in connection with ongoing operations of a trade or business $4,000 Legal
Maria pays the following legal and accounting fees during the year:
Legal fees in connection with ongoing operations of a trade or business | $4,000 |
Legal fees related to purchase of personal residence | 2,600 |
Legal fees related to tax deficiency related to Schedule A itemized deductions | 500 |
Tax return preparation fees: Allocable to preparation of Schedule C | 2,000 |
Tax return preparation fees: Allocable to preparation of remainder of return | 2,100 |
What is the total amount of her for AGI deduction for these fees?
The answer is $6,000, but I cannot figure out how to get that. Can you please explain the steps to me.
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