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mkbca
Returning Member

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.

2 Replies
macuser_22
Level 15

TurboTax and Quicken Software

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.**
mkbca
Returning Member

TurboTax and Quicken Software

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.

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