ILLMAS Posted February 4, 2012 Report Share Posted February 4, 2012 Just wanted to find out if attorney fees are deductible under Sch A, misc. deduction for a loan modification? Thanks MAS Quote Link to comment Share on other sites More sharing options...
Terry D EA Posted February 5, 2012 Report Share Posted February 5, 2012 Wouldn't this fall under the same category as attorney fees for either refinance or acquisition??? I don't think you can deduct them. Quote Link to comment Share on other sites More sharing options...
jainen Posted February 5, 2012 Report Share Posted February 5, 2012 >>if attorney fees are deductible under Sch A, misc. deduction for a loan modification?<< To the extent the fees can be allocated to acquiring taxable income (such as cancellation of debt) they would be deductible. Quote Link to comment Share on other sites More sharing options...
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