I’m an attorney. I did substantial work to collect over $100,000 in fees. Can I deduct what I would have paid an attorney or my hourly rate?
Can I Deduct Attorney Fees From My Taxes For Work I Did Myself To Collect A Debt?
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Judy
November 1, 2009 at 4:36 am
Only if you report what you would have paid as income to offset the deduction otherwise stick to your out of pocket expenses.
Max Hoopla
November 1, 2009 at 4:37 am
No. Your time is worth ZERO.
handsome
November 1, 2009 at 4:51 am
No you can’t. You didn’t pay the fees. And if you had, you’d have to show that amount as taxable income so it would be a wash and wipe out the deduction.