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Hi, David. My name is ***** ***** I will be happy to help you.
You are correct. If the litigation was business related than it is deductible. The fees are deducted in the year you paid them. Fees paid in 2014 will be deducted on your 2014 return and fees paid in 2015 will be deducted on your 2015 return. How is your business structured? Is it sole proprietor or corporation?
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