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Get your taxes done using TurboTax
To enter these fees in TurboTax Online:
- Open TurboTax Online
- Select Tax Home in the left pane
- On the Hi, let's keep working on your taxes! screen, select the dropdown on the right side of the Income & Expenses box, then select Start, Continue or Pick up where you left off
- Scroll down and select the Show more dropdown to the right of Less Common Income
- Select Start or Revisit to the right of Miscellaneous Income, 1099-A, 1099-C
- Scroll down and select Start or Revisit to the right of Other reportable income
- On the Any Other Taxable Income? page, select Yes
- On the Other Taxable Income page, enter the description Qualifying Legal Fees and enter your fees as a negative amount (i.e., -5000). Then, select Continue
To see your form entries in TurboTax Online:
- Select Tax Tools in the left pane
- Select Tools
- Select View Tax Summary
- Select Preview my 1040 in the left pane
You'll see your negative entry on line 8 of Form 1040.
‎January 31, 2024
12:54 PM
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