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QUESTION 1 Legal Fees Jerry Jones, CPA, paid the following legal fees during the year: : Legal Fees in connection with a contract dispute in
QUESTION 1 Legal Fees Jerry Jones, CPA, paid the following legal fees during the year: : Legal Fees in connection with a contract dispute in his business $8,800 Legal fees incident to his divorce 5,000 Tax Return fees for preparation of SCHC for his business 1,200 Tax Return Fees for preparation of personal portion of form1040 1,000 Legal fees in connection with IRS audit of 2018 tax return 4,000 Required: 1) Compute the total amount of the deductible expense. 2) Is the deduction FOR or FROM AGI
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