I was behind in completing my taxes for various reasons. In 2016, I completed Federal and California State taxes for years 2011-2015.
Can the cost of the turbotax software for all of those years be deducted for tax year 2016 since that is the year I purchased the software?
As Critter#2 said, you can enter the tax prep fees you paid for all of those returns you took care of in 2016. But they may or may not make much of a difference for you.
Tax prep fees are miscellaneous deductions, and only the amount that is over 2% of your adjusted gross income counts toward your itemized deductions. So unless you have a lot of other miscellaneous deductions, it won't end up making a difference in your tax due or refund.
To find them: Sign on to your account, click your Account & choose Orders; on Review Orders click view details;
If you need to enter your tax preparation fees go to Federal>Deductions and Credits>Other Deductions and Credits>Tax Preparation Fees and click Start.
As Critter#2 said, you can enter the tax prep fees you paid for all of those returns you took care of in 2016. But they may or may not make much of a difference for you.
Tax prep fees are miscellaneous deductions, and only the amount that is over 2% of your adjusted gross income counts toward your itemized deductions. So unless you have a lot of other miscellaneous deductions, it won't end up making a difference in your tax due or refund.
To find them: Sign on to your account, click your Account & choose Orders; on Review Orders click view details;
If you need to enter your tax preparation fees go to Federal>Deductions and Credits>Other Deductions and Credits>Tax Preparation Fees and click Start.