QUESTION
Are legal fees paid to my attorney during a divorce and the payment to a spouse to sign a quit claim deed deductible items?
Asked on Mar 27th, 2014 on Divorce - Rhode Island
5 ANSWERS
Business Law Attorney serving Bingham Farms, MI
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James T. Weiner, P.C.
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No. Generally not.
Answered on Mar 31st, 2014 at 8:37 PM
Deductible from what ?
Answered on Mar 31st, 2014 at 6:05 AM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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Generally not, although the payment to ex-spouse may have an effect on the basis of your house. See an attorney or accountant with the details and for a firm opinion.
Answered on Mar 31st, 2014 at 6:04 AM
Divorce & Separation Attorney serving Menasha, WI
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Petit & Dommershausen, S.C.
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The only portion that is deductible is in regards to maintenance.
Answered on Mar 31st, 2014 at 6:04 AM
Domestic Relations Attorney serving Omaha, NE
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Diane L. Berger
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You should check with an accountant but I believe only that portion of fees that deal with tax deductions and tax consequences are deductible.
Answered on Mar 31st, 2014 at 6:04 AM