Trey Webb, Author at Bennett Thrasher Skip to main content
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Legal Fees and Transaction Costs Deductions for Tax Purposes

By Insights

In any real estate, acquisitive or restructuring transaction, legal fees and other consultant fees can become a substantial cost during the deal. IRS regulations outline several limitations on deductibility, so it is important to understand these limits and potential exceptions to capitalization to maximize the “after-tax” dollars spent on legal fees and other transaction costs.

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