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TurboTax and Quicken Software
It is not clear if TurboTax and Quicken software can be deducted if used for personal investment management and it is not involved in a business. I realize that it would likely fall in the 2% Misc deduction.
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April 11, 2020
7:58 PM
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Deductions & credits
The TCJA (Tax Cuts an Jobs Act) did away with all miscellaneous deductions for 2018-2025. Not deductible.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
April 11, 2020
8:08 PM
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Deductions & credits
I found the location in the program to enter that information. I see where it no longer is a valid deduction for the Federal Tax due to the 2018 Tax act but it would be good to enter it anyway for 2 reasons (1) it might still apply to the state taxes and (2) as a record for the future.
April 11, 2020
11:35 PM