If you did not enter all your itemized deductions in Deductions & Credits, you have another chance to enter those expenses on the Alabama screen Let’s Check for any Alabama Deductions. Enter these expenses—if you want—in Alabama if you did not enter them in Deductions & Credits in Federal.
Miscellaneous Deductions Expenses Subject to the 2% Limit include:
- Tax return preparation fee
- Safe deposit box rental.
- Certain legal and accounting fees
- Clerical help and office rent
- Custodial (e.g., trust account) fees
- Your share of the investment expenses of a regulated investment company.
- Certain losses on nonfederal insured deposits in an insolvent or bankrupt financial institution.
Miscellaneous Deductions Expenses NOT Subject to the 2% Limit include:
- Gambling losses to the extent of gambling winnings.
- Amortizable bond premium on bonds acquired before October 23, 1986.
- Unrecovered investment in a pension.
- Impairment-related work expenses of a disabled person
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