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April 21, 2025
Question

Paid for Live turbo tax last year and need a letter stating the average expense factor to gross income

  • April 21, 2025
  • 1 reply
  • 0 views
I need to the letter in reference to previous years taxes for 2023

    1 reply

    DawnC
    Employee
    April 21, 2025

    You can look at your 2023 TurboTax receipt to find the cost of the 2023 software.   You should have an email with the details from whenever you purchased the software.   Your gross income can be found on Line 9 of Form 1040 and your adjusted gross income is on Line 11.  

     

    Can I claim tax prep fees as a deduction?  

     

    What is the 2% rule?

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    April 22, 2025

    I actually need a letter from a CPA or Tax Accountant stating my average expenses to my gross income.  My question is that since I paid for Live Tax Help in 2023, is there an actual Tax Preparer that can write this letter in regards to 2023 taxes?

     

    Here is a sample letter which must be on their letterhead so there is no  confusion:

     

    To Whom it may concern:

    I, (CPA Name or tax preparer), am writing to verify that (borrower name) has been self-employed for the
    past 2 years. (Borrower name) owns X% of (company name). The business has an average expense
    factor of <XX%> of gross revenues.
    Please contact me if you have any additional questions.

    Sincerely,

    (CPA or Tax Preparer name)
    (CPA or Tax Preparer License #)
    (CPA or Tax Preparer Contact #)
    (CPA or Tax Preparer Signature)

    CatinaT1
    April 22, 2025

    You will need to contact customer service. We in the community can't help you with The Live Tax Programs.

     

    Here is a link:  Turbo Tax Customer Service 

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