TurboTax HelpTurboTax HelpIntuit

Why do ItsDeductible item values change after importing into TurboTax?

by TurboTax Updated 6 months ago

The values you see in ItsDeductible Online are preliminary estimates and are only updated once a year.

Once you import the item into TurboTax, the estimated values change to the current fair-market values. These frequently differ from the original estimated values.

In particular, consumer electronics like computers, tablets, mobile phones, TVs, and audio equipment often have fair-market values that are significantly lower than their original estimated values because of rapidly changing technology and consumer tastes.

More like this

Dynamic AdsDynamic Ads