Janitor Bob Posted February 23, 2009 Report Share Posted February 23, 2009 My client hired attorneys to assist in a Worker's Compensation claim. Ohio BWC settled and client received settlement of $70,000.....The funds went to him in care of his attorney. The Attorney then sent him a check for $55,000....keeping the difference of $15,000 as their fees. I know that the Workers com funds received are not taxable....but client can also deduct the $15,000.00 attorney fees on Sch A...correct? Quote Link to comment Share on other sites More sharing options...
PapaJoe Posted February 23, 2009 Report Share Posted February 23, 2009 IIRC, costs associated with receiving non-taxable income are not deductible. Quote Link to comment Share on other sites More sharing options...
Janitor Bob Posted February 23, 2009 Author Report Share Posted February 23, 2009 IIRC, costs associated with receiving non-taxable income are not deductible. Thanks!!...I knew that and forgot all about it...not used to dealing with non-taxable income! Quote Link to comment Share on other sites More sharing options...
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