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I already paid for TurboTax 2015. How do I get credit for the payment?

 
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I already paid for TurboTax 2015. How do I get credit for the payment?

Hi,

You can deduct reasonable accounting fees you paid for help to prepare and file your income tax and benefit return. You can deduct legal fees you paid in the year to collect or establish a right to collect salary or wages.

You can also deduct legal fees you paid in the year to collect or establish a right to collect other amounts that must be reported in employment income even if they are not directly paid by your employer.

However, you must reduce your claim by any amount awarded to you for those fees or any reimbursement you received for your legal expenses. You do not have to meet the conditions of a commission employee to deduct legal fees.

Completing your tax return

Enter this amount on the Accounting and legal fees line (8862) of Form T777, Statement of Employment Expenses.

Enter on line 229, the allowable amount of your employment expenses from the total expenses line of Form T777.

Hope this is helpful.

Thanks

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1 Reply

I already paid for TurboTax 2015. How do I get credit for the payment?

Hi,

You can deduct reasonable accounting fees you paid for help to prepare and file your income tax and benefit return. You can deduct legal fees you paid in the year to collect or establish a right to collect salary or wages.

You can also deduct legal fees you paid in the year to collect or establish a right to collect other amounts that must be reported in employment income even if they are not directly paid by your employer.

However, you must reduce your claim by any amount awarded to you for those fees or any reimbursement you received for your legal expenses. You do not have to meet the conditions of a commission employee to deduct legal fees.

Completing your tax return

Enter this amount on the Accounting and legal fees line (8862) of Form T777, Statement of Employment Expenses.

Enter on line 229, the allowable amount of your employment expenses from the total expenses line of Form T777.

Hope this is helpful.

Thanks