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New Member
posted Oct 30, 2019 10:45:32 PM

Upon review, I noticed that I incorrectly added a figure for "deductions for interest on money borrowed to earn investments." Where can I delete this?

I went to Income/Investment Expenses, but I don't see this figure. When I'm prompted to go the next screen, it takes me to rental properties. Help!

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1 Replies
Level 15
Oct 30, 2019 10:45:33 PM

To add or remove any Carrying Charges or Investment Expenses you have;

  • You can use the Find (little magnifying glass) and type in "investment". Then highlight "Investment Expenses" and click Go. Put a checkmark beside which deduction best applies to you, Interest paid to earn interest, dividend and royalty income or  Investment management and advice (includes carrying charges), and continue to the page that applies.
  • You can also access this section by going to the sidebar of TurboTax, and click on Income > Investment Expenses >  Put a checkmark beside which deduction best applies to you, Interest paid to earn interest, dividend and royalty income or  Investment management and advice (includes carrying charges), and continue to the page that applies.

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https://turbotax.community.intuit.ca/replies/3456106