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Posted by Seth on March 27, 2008, 1:41 pm
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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?
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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