Deductions & credits

You said "safety box credit", but do you mean a deduction for safe deposit box rental?  i.e., an investment expense?

If so, do this:

  • Open your return (if not already open).
  • In the left menu column, click on TAX TOOLS, then TOOLS.
  • In the Tools window, choose TOPIC SEARCH.
  • In the search line enter safe deposit without quotes.
  • In the topic list, you should then see safe deposit box highlighted, or you can select it.
  • Then click GO.
  • The next screen should be "Other Investment Expenses."
  • On the next screen you should see a place to enter "Safe Deposit Box Fees."

View solution in original post