Are attorney fees for reducing property taxes, (not business related) deductible on IRS taxes?
AI accountant’s answer:
Unfortunately, attorney fees for reducing property taxes on a personal residence are not deductible on your federal income taxes. The IRS only allows deductions for certain types of taxes, like state and local income taxes, real property taxes, and personal property taxes. The costs associated with reducing these taxes, such as attorney fees, are not included in the list of deductible expenses.
Correct.
Keeper’s AI Accountant V2
V2 is still a fine-tuned instance of GPT-4. Improvements over V1 include more comprehensive tax code embeddings, and a better chain-of-reasoning retrieval system.