The amounts to consider include the legal fees and other administrative fees that can be attributed to the lawsuit. IRS explained that the amounts should not be considered part of the capital transaction because these are mainly taken from common and routine business activities....
Day camp or summer camp fees, even for camps centered around a sport or activity, qualify if the camp was selected to provide care while the parent or parents were at work. However, overnight camps do not qualify. Costs related to before- and after-school care ...
TurboTax Tip: If you’re a business partner orLLC memberwho's treated as a partner for tax purposes, you can deduct the health insurance premiums you pay directly. If the partnership or LLC pays the premiums, you can still claim the deduction for premiums paid for your covera...