turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

ijf1929
New Member

Do the N.C. deductions differ from the ones allowed on the Federal return?

Does NC allow deductions for advisory fees of cost of tax preparation?
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
PhyllisG
New Member

Do the N.C. deductions differ from the ones allowed on the Federal return?

Yes. There is a difference in federal and state law.

North Carolina has eliminated the advisory fee deduction in their substantial overhaul of their tax code in 2015.

For tax year 2018, North Carolina also does not allow a deduction for tax preparation fees.  The following deductions are allowed:

  • qualified home mortgage interest, 
  • real estate property taxes, 
  • charitable contributions, 
  • medical and dental expenses, and 
  • repayment of claim of right income. 

Do the N.C. deductions differ from the ones allowed on the Federal return?

Since I have to take the standard deduction for Fed but have another $6,000 in deductions, how do I put them into the NC tax form?

JotikaT2
Employee Tax Expert

Do the N.C. deductions differ from the ones allowed on the Federal return?

Enter them in the federal section of the program under Deductions & Credits.

 

They will be pulled into your North Carolina return even though you have to take the standard deduction for your federal return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies