In article <9a19127e-cc1e-4db3-8eb0-12f0b8818b87[at]f63g2000hsf.googlegroups.com> ,
SMF <smfwdf[at]comcast.net> wrote:
- quote -

That sounds like a business expense. He's in the business of being an
employee. (In a different case, a loan to an employer went bad and
was deductible as a business bad debt, for that reason.)

Seth

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Employee leaving one company has to get legal help on separation
agreement to get rid of the non-compete clause so he can get a job
with competitor in the same area. Which was successful I might add.
Can these legal costs be deducted?

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >