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Well, I did. Every one of 'em. Mostly I remember the last one. The wild finish. A guy standing on a station platform in the rain with a comical look in his face because his insides have been kicked out. -Rick
What if you are trying to strip off a second mortgage lien, or settle a second mortgage for pennies on the dollar? This would reduce itemized deductions and therefore increase taxable income.
From IRS Publication 529:
You can usually deduct legal expenses that you incur in attempting to produce or collect taxable income or that you pay in connection with the determination, collection, or refund of any tax.
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