Re: 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.

posted

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.**

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.