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mfbaldwin
New Member

Can I claim Turbotax fees? Would it go in with my rental property information?

 
1 Reply
cyadav
Returning Member

Can I claim Turbotax fees? Would it go in with my rental property information?

In most cases, no, the cost of tax software is not a deductible expense.

BUT, there are a couple of exceptions:

  • If you’re self-employed or earned rental income, accounting and tax prep software expenses are considered eligible business/rental deductions.
  • Commission employees may claim accounting fees and the cost of tax prep software as employment expenses. As with other employment expenses, have your employer complete and sign a Form T2200, Declaration of Conditions of Employment.

See: https://turbotax.intuit.ca/tips/tax-tip-deducting-income-tax-preparation-fees-and-software-expenses-...