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2 replies

Alumni - Champ
March 3, 2022

You cannot claim TT fees that you paid this year (2022) on your 2021 return.

Alumni - Intuit
March 3, 2022

Yes, you can deduct a portion or all of the tax preparation fees on your self employment section of your return. However you must reduce it by a portion you might consider your personal return. 

 

For example, if you didn't have self employment, then you might only pay $50 or less for the basic version of TurboTax.  If you qualify for the free version without your self employment then you could use the full fee paid to prepare your return to include your self employment.

 

Enter this expense as an office expense or miscellaneous expense.

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