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 rental property | 2,600 |
Legal fees related to tax deficiency related to Schedule C | 500 |
Tax return preparation fees: Allocable to preparation of Schedule C | 4,000 |
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?
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Marias total legal fees for the year are 4000 2600 500 7100 The ta...Get Instant Access to Expert-Tailored Solutions
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Introduction To Federal Income Taxation In Canada
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
33rd Edition
1554965020, 978-1554965021
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