A contact injury, such as a direct blow to the medial side (inside of knee), or a noncontact injury, such as a hyperextension stress. It is also commonly associated with an ACL tear which occurs with a high level of force and sports injury.
These types of legal fees are deductible as a business-related expense. You can deduct legal expenses incurred in your attempts to produce or collect taxable income as well as legal fees you pay in connection with the determination, collection, or refund of any tax.
1 Legal expenses to perfect title to property are not deductible, but any portion of the fees to collect rents on that property is deductible. 2  Legal expenses paid in connection with your business, rental property, or farm are deductible on your tax return schedule that reports the income from that activity.he costs related to the preparation of the tax provisions of a trust are deductible. Here are some other legal expenses that are deductible: 1  Legal expenses paid that are related either to doing or keeping your job. 2  Legal expenses paid in connection with litigating a tax deficiency.