Maria pays the following legal and accounting fees during the year:

 

Legal fees in connection with ongoing operations of a trade or business	$4,000
Legal fees related to purchase of rental property	2,600
Legal fees related to tax deficiency related to Schedule C	500
Tax return preparation fees: Allocable to preparation of Schedule C	4,000
Tax return preparation fees: Allocable to preparation of remainder of return	2,100

 

What is the total amount of her for AGI deduction for these fees?

Answer rating: 100% (QA)

Marias total legal fees for the year are 4000 2600 500 7100 The ta... View the full answer