Can I deduct the cost of turbotax home and business 2015 on my schedule C under professional expenses?
I paid 109.99 $ on Mar 24 for 2015 download of TT home and business
I paid 109.99 $ on Mar 24 for 2015 download of TT home and business
No, to deduct tax preparation fees, you must itemize deductions on Schedule A, and the sum total of your miscellaneous deductions including your fees must exceed 2% of your Adjusted Gross Income.
Given the above limitations you may not be able to benefit from your tax prep expenses.
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