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URL:  http://boards.fool.com/can-i-deduct-my-remaining-2012-legal-expenses-as-30600781.aspx

Subject:  Re: Legal expenses on the private sale of stock Date:  3/21/2013  3:43 PM
Author:  ptheland Number:  118103 of 121187

Can I deduct my remaining 2012 legal expenses as part of the "Selling Expenses" I incurred for this transaction?

Let me put my answer this way. I don't know if you can, but in your shoes, I would. The expenses just strike me as being incurred as an integral part of the sale.

Should the company have sent me any type of tax form (such as a 1099) reporting the sale?

Whether they should or not is their problem, not yours. If I were advising them, I'd advise them to file a 1099B.

But whether one is issued or not, your concern is reporting the sale on your return. The 1099 doesn't matter to you or change your tax obligation in any way.

--Peter
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