It depends.
No - If this is a personal use parking spot, the IRS will consider this a nondeductible personal expense.
Yes - If this is a parking spot for work and you are not being reimbursed by your work, the you can claim this as a job-related expense.
Unfortunately,
these job-related expenses may not be fully deductible because
they are subject to a 2% AGI limitation and are only deductible if you
itemize.
To enter your job-related expenses in TurboTax
Online or Desktop (for TurboTax Online sign-in, click Here),
please follow these steps:
- Once
you are in your tax return, click on the “Federal Taxes” tab
- Next click on “Deductions and
credits”
- Next click on "jump to
full list" or “I’ll choose what I work on”
- Scroll down the screen until
to come to the section “Employment Expenses”
- Choose "show more",
then Job-related expenses and follow the onscreen instructions
- Say "yes" to
question "Did you have any of these expenses in 2016 for your W-2
income?" under the screen titled "Employment Expenses Related
to a W-2".
- after about 6 to 10
question screens, you will get to a screen titled "Any Other
Expenses" you can put this information here
