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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121585  
Subject: Re: Legal expenses on the private sale of stock Date: 3/21/2013 3:43 PM
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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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