Tax Year Prior to 2020: Can i deduct the cost of turbotax for a rental property

[DianeW]

Yes, you can deduct the cost of tax preparation software as rental expense since it helps you report your rental activity.  A small percentage of it should be applied towards your personal portion of the return.  You can decide how much should be allotted for your rental section and your personal section.

[charjean47]

Do I count what I paid in 2020 for 2019 tax year or count the amount paid in 2019 for 2018 tax year?

[DoninGA]

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@charjean47 wrote:

Do I count what I paid in 2020 for 2019 tax year or count the amount paid in 2019 for 2018 tax year?

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The amount paid in 2019 for tax preparation software or services.

[WKins2]

Yes, you will need to split out what fees were for the tax preparation for the rental property and what was for your personal return. You can claim the rental property preparation as a rental expense. 

[Carl]

Take note that it will have ZERO impact on your tax liability. Not one single penny of difference. So it's basically a waste of your time.