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What is a above the line deduction for legal fees paid on a 1099 misc form? client received a 1099 misc, box 7 amt that included legal fees, he actually received only 1/3

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The above the line deduction is limited to certain causes of action.  As specified in IRC 62(e) - in general referred to as unlawful discrimination..

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Level 8

The above the line deduction is limited to certain causes of action.  As specified in IRC 62(e) - in general referred to as unlawful discrimination..

View solution in original post

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