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rrcret
New Member

Is mileage to tax preparer deductable?

Are hobby losses deductible? (Death of show animals)
Where do I file depreciation on farm equipment?
1 Best answer

Accepted Solutions
bwa
Alumni
Alumni

Is mileage to tax preparer deductable?

Is mileage to tax preparer deductable?

Yes, it would be a miscellaneous itemized deduction. Miscellaneous itemized deductions are only available if you qualify to itemize and only to the extent that they exceed 2% of your Adjusted Gross Income.They are under the deductions and credits tab, then at the bottom of the page for "other deductions and credits."  Turbotax explains the 2% rule at this site.

Are hobby losses deductible? (Death of show animals)

Hobby expenses are deductible only to the extent of hobby income.  That results in no loss being allowed.

Where do I file depreciation on farm equipment?

For an on-line program, you need Turbotax Self-employed to be able to do that.


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1 Reply
bwa
Alumni
Alumni

Is mileage to tax preparer deductable?

Is mileage to tax preparer deductable?

Yes, it would be a miscellaneous itemized deduction. Miscellaneous itemized deductions are only available if you qualify to itemize and only to the extent that they exceed 2% of your Adjusted Gross Income.They are under the deductions and credits tab, then at the bottom of the page for "other deductions and credits."  Turbotax explains the 2% rule at this site.

Are hobby losses deductible? (Death of show animals)

Hobby expenses are deductible only to the extent of hobby income.  That results in no loss being allowed.

Where do I file depreciation on farm equipment?

For an on-line program, you need Turbotax Self-employed to be able to do that.


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